BHEL - Technical Analysis

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

Technical Rating: 3.0

Here's a detailed technical walkthrough for BHEL ⚡🔧

📊 Trend Structure

Current Price: ₹241 — below 50 DMA (₹250) but above 200 DMA (₹239) ➤ suggests indecisiveness

Trend Status: Appears to be reversing or entering early consolidation

52-week Index (42.8%) ➤ moderate annual growth, but momentum fading

📈 Technical Indicators

RSI (35.9)

Approaching oversold territory ➤ bearish momentum with reversal potential

MACD (-3.60)

Firmly negative ➤ confirms short-term bearish bias

No signs yet of bullish divergence

Volume

Slightly above weekly average ➤ selling pressure might be peaking

Possible sign of accumulation or distribution depending on price reaction

Bollinger Bands

Price likely near the lower band ➤ oversold condition, close to support

🔍 Momentum & Price Action

Weak momentum in near-term — price unable to sustain above short-term moving averages

Slight bounce from 200 DMA zone is promising, but needs follow-through

Mixed institutional sentiment: FII ↓, DII ↑ ➤ short-term support from domestic funds

💰 Optimal Price Zones

Action Price Zone (₹) Commentary

Entry (Aggressive) ₹236 - ₹243 Bounce play near 200 DMA and RSI support

Entry (Conservative) ₹252 - ₹258 Only if price breaks above 50 DMA with volume

Exit (Partial) ₹278 - ₹285 Minor resistance from prior swing high

Exit (Full) ₹305 - ₹327 Major resistance zone — ideal for trailing stop

🧩 Additional Insights

P/E (161) vs Industry PE (57.2) ➤ extremely overvalued on earnings

PEG Ratio (27.9) ➤ growth lags valuation, risk of correction

ROE/ROCE both weak ➤ long-term fundamentals remain soft

PAT Qtr vs Prev Qtr: Big jump in profit, but broader trend still volatile

📌 Summary

Trend: Short-term reversal, possibly stabilizing

Momentum: Bearish but approaching support

Pattern Status: Consolidation near technical floor

Technical Rating: 3.0

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