Another interesting pick for short term is BHEL. Our statistical model shows a very low reading for the stock implying that it is in extremely oversold region (despite an upmove of +5% over last 2 days). The stock can be bought at current level with a stop of 109 with a short term target of 130. This should ensure a low risk entry with good earning potential.
BPCL also provides a good entry around these levels. One should get into the stock on any pullbacks around 250 levels with a target of 300. Next week there might be opportunities in this counter. One should wait for a pullback however.
BPCL also provides a good entry around these levels. One should get into the stock on any pullbacks around 250 levels with a target of 300. Next week there might be opportunities in this counter. One should wait for a pullback however.
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