Sukhani told CNBC-TV18, "Buy BHEL when it was just coming towards earlier low. Now, a small double bottom pattern is confirmed. So BHEL is giving us a fairly decent basing pattern. We want to buy it, it broke out last week and that should continue and momentum should be on the upside."
He further added, "It is also important that rather than focus exclusively on the Nifty, the stock should be on focus rather than the index because the index could be an underperformer relative to lot of stocks that could do much better."
The share touched its 52-week high Rs 272.45 and 52-week low Rs 174.50 on 05 October, 2012 and 28 March, 2013, respectively. Currently, it is trading 31.84 percent below its 52-week high and 6.42 percent above its 52-week low. Market capitalisation stands at Rs 45,451.93 crore.
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