Bharat Heavy Electricals Limited (BHEL) is moving

Bharat Heavy Electricals Limited (BHEL) is moving within an upward-sloping channel on the daily chart, indicating a broader bullish structure with higher highs and higher lows. The upper trendline is acting as resistance, while the lower trendline is providing support during price corrections. Recently, the stock faced selling pressure from the upper channel and corrected sharply toward the lower support zone around ₹380–₹385, where buying interest emerged. The current recovery toward ₹400 suggests a possible attempt to stabilize near the channel’s lower boundary. If BHEL sustains above this support zone and shows strong bullish momentum, a move toward ₹420–₹440 and potentially the upper channel resistance may be possible. However, a decisive breakdown below the lower trendline could weaken the structure and signal further downsid