BHEL exhibits strong buy setup bouncing from multi-month ₹220-230 demand zone (200-SMA confluence + prior swing low), with high-volume bullish hammer signaling institutional accumulation ahead of order pipeline. RSI(14) oversold recovery from 32 with bullish divergence, MACD histogram flipping positive above signal line confirming momentum shift. Breakout above ₹245 (20-SMA resistance) targets ₹270-285; ideal entry ₹235-240 SL ₹228 for 3R reward potential on PSU order flow catalyst.Warning-
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