New Delhi, March 18 -- BHEL is currently trading near Rs.201.9 and has recently formed an inverted head and shoulders

pattern on the daily chart. The stock is on the verge of a breakout with significant volume,

indicating strong bullish momentum. This reversal pattern has emerged at the bottom of the

trend, signaling a potential trend reversal. If the stock manages to close above Rs.202.5, it could

trigger a strong upward move in the short term, with a target of Rs.229.7. On the downside, Rs.198

will act as an immediate support level, and any dip towards this level can be considered a

buying opportunity.

The RSI on the daily chart is at 54.8, rebounding from the oversold zone, which strengthens the

reversal signal. Additionally, B...