BHEL looks very weaker in terms of trend.when nifty was reaching all time high BHEL was consolidating and making lower lows on daily basis.short term trend is negative and 53 acts as a good support.if breaks this support then 50 will be breached and the next target would be 50 and 45.long term players can accumulate near 40 levels.
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correction long term investors accumulate only after stock break 61 levels,pls dont enter before that.