Bharat Heavy Electricals Ltd (BHEL) – 1D

Trend: Price recently rejected from the 292–300 zone and pulled back towards mid-range support. Overall trend remains sideways to mildly bullish above demand. Support & Resistance: Support: 272 – 275, then 255 – 260 Resistance: 292 – 295, then 305+ Expected Move: As long as price holds above 272, structure remains positive for a range breakout attempt later. Failure below 272 can lead to deeper consolidation. Short Fundamentals Summary: BHEL benefits from revival in capex, power, railways, and infrastructure spending. Turnaround phase is ongoing but still execution-dependent. Final Verdict: Neutral to positive bias. Needs a strong reclaim above 295 for trend continuation.