Bharat Heavy Electrical Ltd (BHEL) has rallied over 50% in the last 3 months, supported by a positive chart pattern. Short-term traders can buy the stock on dips, targeting Rs 227 in 3-4 weeks. The stock has doubled in value in the last 6 months, rising more than 4% in a week and over 14% in a month. It recently hit a fresh 52-week high and broke out from a narrow consolidation range.
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