Exit BHEL below Rs 1320: Bhambwani

Technical Analyst, Vijay Bhambwani is of the view that one can exit BHEL if it starts trading below Rs 1320-1300.

Bhambwani told CNBC-TV18, "In BHEL Rs 1,320 is a level I would watch out for very keenly, if it starts trading below Rs 1,320 or maybe even Rs 1,300 with increased volume and open interest action its time to exit from this counter. Upsides are likely to be capped around Rs 1,650-1,700 that’s where, overrate supply would come in and limit the upside potential."

Disclosure: Analyst has holding in Cairn India.