Anil Singhvi reveals why BHEL share price may well soar to triple digits - right time to buy? Know here

Zee Business Managing Editor Anil Singhvi said that traders are focused on stocks where there is daily price/volume action. Traders don’t prefer stocks which are of good quality but without volumes.  Instead, they would prefer stocks which are showing strong volumes too. Singhvi said that traders would not trade in stock where there is no volume, no volatility, no action. 

Yesterday’s volume action on BHEL clearly indicated that good trades are happening on this stock. Singhvi said it is difficult to say whether traders will make profit or not here. However, one thing is certain the volumes are strong in BHEL and stock will remain in focus as many trades are happening in this counter.

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Singhvi said that BHEL is in F&O Ban in the Derivatives market. Since the stock price is in 2 digits, even a small trader can place orders for 500 shares or so. Hence, the volume on the stock is increasingly high. There is huge short covering in the stock as the cash volumes have been stronger in this counter. Singhvi said that since the lot size is high, he has recommended holding this stock positionally.

Singhvi said that in case the stock falls to the level of Rs 58-Rs 60 and Rs 52-Rs 54, market participants should buy into this stock at both levels. Singhvi said that the stock is forming a strong base. Targets of Rs 65-Rs 70 are being achieved in 6 months instead of 1 year.  

डबल से ट्रिपल डिजिट में जाने को तैयार BHEL !

क्या BHEL में खरीदारी करने का सही मौका?

जानने के लिए देखिए अनिल सिंघवी का ये वीडियो#BHEL #StockMarket #Investment @AnilSinghvi_ pic.twitter.com/xDsh9MipUN

— Zee Business (@ZeeBusiness) May 11, 2021

Singhvi said the eventual target on BHEL is Rs 100. It may take 1 year to 1.5 year to achieve the target. The stock may remain volatile and investors should not worry about that.