BHEL has support at Rs 1750: Gujral

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BHEL has support at Rs 1750: Gujral

Technical Analyst, Ashwani Gujral is of the view that BHEL has support at Rs 1,750. The stock went up quite a bit, it still has room on the downside. Larsen can come down to Rs 2,600 he added.

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Excerpts from Bazaar on CNBC-TV18 Watch the full show » RELATED NEWS Hold BHEL, says A Kapoor BHEL, Axis Bank likely to underperform: Sukhani BHEL a good quality stock BHEL has support at Rs 1835: Mathew ALSO READ See previous views by Ashwani Gujral See what other Experts & Brokerages are saying about BHEL See messages about BHEL BHEL BSE | NSE 28/05/12 Are Mutual Funds betting on BHEL? Other Stocks in this news Larsen and Toubro | Tata Steel | Steel Authority of India |

Technical Analyst, Ashwani Gujral is of the view that BHEL  has support at Rs 1,750. The stock went up quite a bit, it still has room on the downside.

Gujral told CNBC-TV18, " BHEL, Larsen went up quite a bit, they still have room on the downside. I think Rs 1,750 is now the next support for BHEL. Larsen can come down to Rs 2,600. For Tata Steel , if Rs 650 is taken out then Rs 572 is the place out there. Particularly significant is the breakdown of SAIL , now that it is trading below that Rs 180 price it could easily come down to Rs 135".