BHEL Technical Outlook: Volatility Compression Signals Breakout Bharat Heavy Electricals LimitedNSE:BHELpratik2358Bharat Heavy Electricals Limited (BHEL) is currently in a high-probability consolidation phase after a strong prior uptrend, with price action compressing into a tightening range. The weekly chart shows an ascending triangle, highlighting persistent accumulation through higher lows while supply caps the upside—typically a continuation pattern in a bullish structure. Price remains comfortably above long-term moving averages, reinforcing medium- to long-term trend strength and downside protection. On the daily timeframe, a Bollinger Band squeeze is visible, signalling volatility contraction and increasing odds of an impulsive move. RSI in the mid-50s to low-60s reflects healthy momentum without overbought conditions, allowing room for expansion. MACD downside momentum is fading, with histogram flattening—often an early sign of trend resumption. ₹270–272 acts as a strong demand zone, while ₹290–295 is the key breakout trigger. A decisive close above ₹290 with volume could unlock an upside move toward ₹310–325, while a break below ₹270 would extend consolidation. Bottom line: BHEL is coiling within a bullish structure, with volatility compression setting the stage for a directional breakout. The trend remains constructive, and the next move is likely to be sharp once price escapes the current range.