The short-term outlook is bullish for BHEL. The 4 per cent surge on Wednesday indicates that the upmove in the stock is gaining momentum. Prior to this rise, the stock has found very good support around ₹410. The region between ₹415 and ₹410 will act as a very good support zone. Intermediate dips are likely to get fresh buyers at lower levels. Intermediate resistance is at ₹438. The stock is likely to breach this hurdle and rise towards ₹470-₹475 in the coming weeks.Video Credit: BusinesslineTraders can go long now at ₹433. Accumulate on dips at ₹424. Keep the stop-loss at ₹408. Trail the stop-loss higher to ₹437 as soon as the stock goes up to ₹444. Revise the stop-loss higher to ₹449 and ₹458 when the price touches ₹454 and ₹466, respectively. Exit the long positions at ₹470.Note: The recommendations are based on technical analysis. There is risk of loss in trading.Published on August 28, 2026