BHEL may cross Rs 290: Ashish Chaturmohta

Ashish Chaturmohta of Fortune Group told CNBC-TV18, "Bharat Heavy Electricals (BHEL) is looking very positive. It has crossed a major resistance zone of Rs 265 with very strong addition in terms of open interest. The stock has a potential to cross Rs 290 in coming days. One can initiate long position keeping a stop loss below Rs 267 and on upside can expect a target of Rs 285-290."

At 14:51 hrs Bharat Heavy Electricals was quoting at Rs 273.10, up Rs 0.05, or 0.02 percent. It has touched an intraday high of Rs 276.15 and an intraday low of Rs 272.50.

Disclosure: Analyst does not have any personal holdings.