BHEL (₹257.15)
Support ahead
The stock of BHEL (Bharat Heavy Electricals Ltd) has been appreciating since March last year. It has been forming higher highs and higher lows since then. While it has seen a decline in price so far this year, it remains above key support at ₹240, where a rising trendline coincides.
So, we expect the stock to resume the rally either from the current level or after a dip to ₹240. Once the upswing begins, the stock can reach ₹350 over the medium term. Buy the stock at ₹257 and ₹240. Place stop-loss at ₹225. When the stock rises to ₹300 and ₹325, trail the stop-loss to ₹275 and ₹300 respectively. Book profits at ₹350.
Centum Electronics (₹2,537.20)
Rebounds from a base
The stock of Centum Electronics, which was in a downtrend between September and December last year, was consolidating in January. Towards the end of last month, it started showing signs of bullish momentum picking up and the price inched up. Last Friday, it rallied over 10 per cent, indicating that the bulls are gaining traction.
Also, the scrip has made higher high and the 21- and 50-day moving averages has seen a bullish crossover. So, the likelihood of a rally is high. Traders can go long at ₹2,537 and accumulate at ₹2,380. Place stop-loss at ₹2,200 first and revise it to ₹2,750 when the price hits ₹3,000. Exit at ₹3,200.
The Ramco Cements (₹1,112.35)
Set to resume the rally
The Ramco Cements stock has been in an uptrend since November last year. It established a rally on the back of the support at ₹970 and confirmed a double-bottom chart pattern by mid-January, turning the trend bullish. After hitting a record high of ₹1,214 before a couple of weeks, the price moderated. Nevertheless, the uptrend remains intact.
So, we expect the stock to begin rising either from the current level or after a dip to ₹1,090. Therefore, participants can buy the stock now at ₹1,112 and buy more shares at ₹1,090. Stop-loss can be ₹1,060. Revise the stop-loss to ₹1,180, when the price hits ₹1,230. Exit at ₹1,300.
Published on February 21, 2026
