BHEL 1 Hour Time Frame

📉 1-Hour Technical Analysis Summary
Overall Signal: Strong Sell
Relative Strength Index (RSI): 41.43 — approaching oversold territory
MACD: -0.58 — indicating downward momentum
Stochastic Oscillator: 21.78 — confirming bearish bias
Average Directional Index (ADX): 54.36 — suggesting a strong trend
Williams %R: -76.66 — indicating oversold conditions
Commodity Channel Index (CCI): -68.24 — supporting bearish outlook
Pivot Levels:
Support: S1 = ₹238.45
Resistance: R1 = ₹240.85
These indicators collectively suggest a continuation of the current downtrend.

🔍 Key Price Levels
Intraday Support: ₹236.19
Intraday Resistance: ₹243.64