BHEL is consolidating near ₹410 after its recent rally towards ₹446.50. The broader daily trend remains positive, with the stock holding above its major moving averages.
The immediate breakout zone is placed around ₹418–₹425. A sustained move above this area, supported by strong volume, can restart momentum towards the recent high.
Breakout trigger: ₹425
Major confirmation: Above ₹446.50
Targets:
T1: ₹435
T2: ₹446–₹447
T3: ₹462–₹465
T4: ₹480
T5: ₹500–₹510
Support: ₹402–₹405
Strong support: ₹392–₹396
Stop-loss reference: Below ₹392 on a closing basis
RSI remains in the positive-neutral zone, while MACD is still above zero. However, volume confirmation is essential because short-term momentum has cooled.
Bias: Bullish above ₹400
Setup: High-level consolidation / momentum continuation
Status: Watch for breakout above ₹425
Invalidation: Daily close below ₹392
Avoid chasing an extended gap-up. Prefer a clean breakout, strong closing confirmation, or a successful retest of the breakout zone.
For educational purposes only. Please conduct your own analysis and follow appropriate risk management.
The immediate breakout zone is placed around ₹418–₹425. A sustained move above this area, supported by strong volume, can restart momentum towards the recent high.
Breakout trigger: ₹425
Major confirmation: Above ₹446.50
Targets:
T1: ₹435
T2: ₹446–₹447
T3: ₹462–₹465
T4: ₹480
T5: ₹500–₹510
Support: ₹402–₹405
Strong support: ₹392–₹396
Stop-loss reference: Below ₹392 on a closing basis
RSI remains in the positive-neutral zone, while MACD is still above zero. However, volume confirmation is essential because short-term momentum has cooled.
Bias: Bullish above ₹400
Setup: High-level consolidation / momentum continuation
Status: Watch for breakout above ₹425
Invalidation: Daily close below ₹392
Avoid chasing an extended gap-up. Prefer a clean breakout, strong closing confirmation, or a successful retest of the breakout zone.
For educational purposes only. Please conduct your own analysis and follow appropriate risk management.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.