BHEL has 1.3 Lakh cr order book – Can we expect more from this giant?

Heavy equipment manufacturer BHEL has reportedly missed its delivery targets by 30% and there were other reports that were talking about the Planning Commission expressing disappointment on BHEL’s performance. BHEL has shown some strong QoQ numbers in its last quarter report with sales increasing by 21%. Sales figure might not show us the clear picture considering the low base effect from the previous year’s same quarter. Expected 55000 Cr orders in this quarter will only add on to its delivery woes. However, the future is definitely bright for this giant as the order book has been swelling. 
Technically the stock has been in a range of 2100 – 2450 over a 2 month period and currently trading at 2330. Further dip might take BHEL to 2321 and further down to 2287 on weekly closing. Over a period of one month the stock can get back to the levels of 2450 and above.

Recommendation:
Buy BHEL at 2325 with Stop Loss at 2314 and target of 2342 and 2360. Keep trailing your stop losses (2 days)
Disclaimer: Stock market investments are risky. They don’t provide fixed returns and past performance doesn’t guarantee future results. All securities investments entail the risk of great and sudden financial loss. Returns vary and you may have a gain or loss when you sell your securities.
No assurance is given that anything described here will be successful. 
Note: Don’t forget to follow strict stop losses.