BHEL - IntraDay Trade Analysis with Live Signals

Last Updated Time : 19 Sept 25, 2:16 pm

IntraDay Trade Rating: 3.3

📊 Intraday Trading Analysis for BHEL

✅ Is BHEL a Good Intraday Candidate?

Moderately viable. BHEL shows short-term technical strength but is weighed down by weak fundamentals and declining volume

Momentum Indicators

RSI at 61.8: Bullish, nearing overbought — suggests strength but caution near resistance.

MACD at +0.99: Mildly positive — indicates upward momentum but not aggressive.

Price Action

Trading at DMA200 (₹234) and slightly above DMA50 (₹230) — neutral to mildly bullish setup.

Far below recent high of ₹291 — recovery potential exists but not confirmed.

Volume

Current volume (47.46 lakh) is below 1-week average (66.37 lakh) — reduced liquidity may limit sharp intraday moves.

Fundamentals

ROCE (4.75%) and ROE (2.00%) — weak efficiency.

PAT turned negative this quarter (-₹455 Cr.) vs ₹504 Cr. previously — sharp earnings reversal.

P/E (302) and PEG (41.8) — extremely overvalued.

EPS of ₹0.78 — poor earnings quality.

DII holding increased (+2.11%) — some institutional support.

🎯 Optimal Buy Price (Fresh Entry)

Buy Zone: ₹231–₹233

Entry near DMA50 with tight stop-loss.

📈 Profit-Taking & 📉 Loss Protection

Target 1: ₹238 (minor resistance)

Target 2: ₹243 (next breakout level)

Stop-Loss: ₹228 (below DMA50 and intraday support)

🕒 If You Already Hold Today

Exit on Strength

If price breaks ₹238 with rising volume and RSI > 64, trail stop-loss to ₹234 and aim for ₹243.

Exit on Weakness

If price dips below ₹228 and MACD flattens or turns negative, consider exiting to protect gains.

⚠️ Final Take

BHEL is a cautious intraday play today. Technicals show mild strength, but fundamentals and volume are weak. Best suited for disciplined scalping with tight risk controls.

Let me know if you'd like to compare this with other capital goods or PSU engineering stocks for stronger setups.

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