Stock to buy today: BHEL (₹221.90) – BUY
The short-term outlook is bullish for Bharat Heavy Electricals Limited (BHEL). The price action on the daily chart indicates that the stock could be gearing up for a fresh rally. Support is in the ₹215-210 region. Since the last week of March, the stock has been getting strong buyers below ₹210. Moving Average crossovers on the daily chart also strengthens the bullish case. It indicates that the downside could be limited. We expect BHEL share price to go up to ₹250 in the coming weeks. Traders can buy BHEL now at ₹222. Accumulate on dips at ₹218. Keep the stop-loss at ₹206 initially. Trail the stop-loss up to ₹227 as soon as the stock goes up to ₹232. Move the stop-loss further up to ₹236 when the share price touches…
