One can go long in BHEL , says Siddharth Bhamre, Angel Broking.
Bhamre told CNBC-TV18, "We have seen good amount of short positions building up in BHEL. On 30th Jan if you see we had seen almost 30-35% rise in open interest in this counter and counter has been correcting significantly. We don't expect further downfall over here."
He further added, "We expect the stock is short heavy and we expect it to take support at current levels or slightly down and hence we are recommending to go long in this. We have a target of Rs 284. So one can fix stoploss somewhere around Rs 248-247 zone and go long over here."
