The technical analysts are of the view that the investors must hold BHEL. One of the veteran analysts informed that he himself is holding BHEL in his portfolio and he has taken it on a long-term basis and at a lower level.
If you say near term, then it needs to cross the Rs 100 mark. If it were to cross the Rs 100 mark, then probably there will be some good move that will take it up to say Rs 125-128.
On the other hand, the analysts also informed that till such time it takes out Rs 100 and he added that he does not think that you can expect an immediate move. Rather a consolidation is in order.
Few analysts would suggest that holding on to this stock with a stoploss below Rs 75 on closing price basis would be the best thing to do.
But you must not expect any fireworks here at this point in time.