“BHEL stock recently achieved a fresh upside breakout from a falling trendline, indicating that momentum is starting to return on the monthly chart. Traders can buy for a target of Rs 320-330 in the next 3-4 weeks,” Rajesh Palviya, Senior Vice President – Research (Head Technical & Derivatives), Axis Securities, said.
BHEL breaks out of falling trendline; Axis Securities recommends buy