Bharat Heavy Electrical Ltd (BHEL) has rallied over 50% in the last 3 months, supported by a positive chart pattern. Short-term traders can buy the stock on dips, targeting Rs 227 in 3-4 weeks. The stock has doubled in value in the last 6 months, rising more than 4% in a week and over 14% in a month. It recently hit a fresh 52-week high and broke out from a narrow consolidation range.
Investors not inclined to ‘sell India buy China’ but to ‘sell India buy USA’: Samir Arora
Samir Arora cautioned investors not to get overly excited by CLSA’s increased allocation to India. He believes that investors were shifting to the US, not
November 16, 2024