BHEL offers a tactical buy-side technical opportunity from deeply oversold levels near ₹253 pivot support (S1 ₹248/S2 ₹242.50), with RSI(14) at extreme 24.89, STOCH(20.84)/Williams %R(-98.90) confirming capitulation exhaustion primed for sharp mean reversion bounce amid recent correction to day range 248.90-260.80. Short-term MAs mixed (5/10/20 bullish near 228-229 vs longer MAs bearish 251-256 overhead) but narrowing MACD(-3.02) signals downside depletion creating favorable risk-reward near S3 ₹236. Higher lows formation validates accumulation zone—attractive long entry targeting R1 ₹259.90/R2 ₹266 resistance with tight stops below S2 ₹242.50 for optimal rebound dynamics in this PSU heavy electricals leader.Warning-
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