Short BHEL towards Rs 185-187: Amit Harchekar

Amit Harchekar of A PLUS Analytics told CNBC-TV18, "On the long-term charts, BHEL has now broken below crucial support of Rs 182 and that indicates the six months forward target for BHEL of less than Rs 140. So, with pullback towards Rs 185-187,we believe it becomes excellent shorting opportunity. If you have a very short-term perspective, Rs 187 becomes stop loss and we are expecting short-term target towards Rs 165 levels."At 14:10 hrs Bharat Heavy Electricals was quoting at Rs 179.50, down Rs 4.90, or 2.66 percent. It has touched a 52-week low of Rs 178.35.