BHEL is our chart of the week and it has given a good breakout above Rs. 42.45 (which is also our Stop Loss). The stock should show good long term target (3 years) of Rs. 190, otherwise one can follow the trendlines as targets that I have drawn on the chart for shorter time frame. But it is prudent to trade on confirmation and hence I would wait for Monday/Tuesday's closing to see if these levels actually hold.
@skteioo7, markets are always forward looking in nature. and as i have mentioned, one needs to trade on confirmation. if levels of Rs. 42.45 are held, then there is absolutely no issue.