bhel

The stock has given a strong breakout above the long-term resistance zone around ₹335, which had capped prices for several months. After the breakout, BHEL witnessed strong buying momentum and rallied sharply towards the ₹435–440 zone, indicating that bulls remain firmly in control. The price is currently trading well above the previous breakout level, which has now turned into an important support zone around ₹335–345. As long as the stock sustains above this support, the overall trend remains bullish, and any short-term dip towards higher support levels may attract fresh buying interest. On the upside, a sustained move above ₹440 could open the doors for the next rally towards ₹460–475, while a close below ₹335 would weaken the current bullish structure and could lead to profit booking.