BHEL - IntraDay Trade Analysis

Last Updated Time : 02 Aug 25, 12:58 am

🔧 Intraday Trade Analysis – BHEL (Bharat Heavy Electricals Ltd)

IntraDay Trade Rating: 3.3

BHEL is flirting with a potential technical bounce but remains weighed down by poor fundamentals and weak sentiment signals. This intraday setup leans toward caution — a play only if bullish cues emerge mid-session and you're nimble with entries and exits.

🔍 Technical Overview

Current Price (₹241): Below 50-DMA (₹250), but slightly above 200-DMA (₹239) — minor technical support nearby.

RSI (35.9): On the edge of oversold — watch for rebound signals if RSI rises above 38–40 zone.

MACD (-3.60): Bearish trend intact; no sign of crossover yet.

Volume (43.3L) vs Avg Vol (41.2L): Marginally stronger — could be driven by bargain hunters testing support levels.

📉 Fundamental Pulse

P/E (161) vs Industry PE (57.2): Excessively overvalued.

EPS (₹1.53): Low — doesn’t justify current price action.

ROCE (4.87%) / ROE (2.12%): Very weak return metrics.

PEG Ratio (27.9): Implies expensive valuation vs growth outlook.

FII holding ↓ 0.83%, DII ↑ 2.11% — mixed institutional interest.

Quarterly profit barely moved (+3.03%) — little earnings momentum.

🎯 Intraday Trade Strategy

✅ If Initiating a New Trade

Buy Zone: ₹238 – ₹241 (bounce trade if RSI climbs & MACD flattening observed)

Profit Target: ₹245 – ₹248 (ahead of 50-DMA resistance)

Stop Loss: ₹235 (below 200-DMA support, conservative exit)

⏳ If Already Holding Today

Watch for exit signals like

Price fails to breach ₹243–₹245 despite rising afternoon volume.

RSI dips below 34 and MACD accelerates negative slope.

Volume declines below 40L post 2:00 PM IST — a sign of fading buyer interest.

🕒 Recommended Exit Window: 2:15–2:45 PM IST, especially if ₹245 proves to be an upper barrier.

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