Railway Engines & Heavy Electricals | Technical Deep Dive : 🚂 Part 2 🚂
By CapitalKeeper | Railway Theme | Indian Equities | Market Moves That Matter
Dive into the engine, locomotive, transmission & heavy equipment segment — core for the electrification and modernization of India’s Railways. This deep-dive covers BHEL, Siemens India, GE T&D India, and BEML with CMP, technical indicators, and high-conviction short-term trade setups. 📈
⚙️ BHEL (Bharat Heavy Electricals Ltd)
- CMP: ₹256.30
- Technicals:
- RSI ~55: Neutral-to-bullish
- MACD +1.04: Bullish crossover
- ADX ~33: Strong trend
- STOCH overbought: caution but momentum intact
- Targets:
- 🎯 Short-term: ₹265–₹270
- 📈 Extended: ₹281–₹286 (+10–12%)
- Support/SL: ₹241–₹249; SL at ₹240 on close
- Strategy: Launch near ₹255–₹258 with SL ₹248; scale out ₹270 and trail thereafter.
🔌 Siemens Ltd
- CMP: ₹3,353
- Technicals:
- RSI ~66: Bullish
- MACD +18.8: Strong buy
- STOCH & STOCHRSI: Overbought, short-term caution
- Overall technical rating: Strong Buy
- Targets:
- 🎯 Immediate: ₹3,380–₹3,400
- 📈 Beyond: ₹3,500–₹3,600+
- Support/SL: ₹3,250
- Strategy: Enter near ₹3,300; SL ₹3,250; trail as price surpasses ₹3,380.
⚡ GE Vernova T&D India (GE T&D)
- CMP: ₹2,374.70
- Technicals:
- Mixed outlook: Strength index says strongly bearish; trend models mixed
- RSI, MACD not firm; daily picture remains unclear
- Targets:
- 🔄 On bearish trend: ₹2,200–₹2,250 support
- 📈 On reversal: ₹2,400–₹2,500 resistance
- Support/SL: ₹2,250–₹2,275
- Strategy: Only trade on clear trend shift; long above ₹2,400, or short if it breaks ₹2,250 with confirmation.
🚚 BEML Ltd
- CMP: ₹4,280 (intraday choppy)
- Technicals:
- RSI 78: Overbought but bullish
- MACD +40.2, ADX ~37: Strong upward trend
- Volume rising; short-term momentum confirmed
- Targets:
- 🎯 Short-term: ₹4,500–₹5,000
- Support/SL: ₹3,775–₹3,860
- Strategy: Enter ₹4,100–₹4,150; SL ₹3,860; book ₹4,500 then trail to ₹5,000.
📊 Engines Segment Summary
| Stock | CMP | Support/SL | 1–2 Week TS Target | Extended Target |
|---|---|---|---|---|
| BHEL | ₹256 | ₹241–₹249 | ₹265–₹270 (+5%) | ₹281–₹286 (+10%) |
| Siemens | ₹3,353 | ₹3,250 | ₹3,380–₹3,400 (+3%) | ₹3,500–₹3,600 (+6–9%) |
| GE T&D | ₹2,374.70 | ₹2,250 | ₹2,400–₹2,450 | – (wait for confirmation) |
| BEML | ₹4,280 | ₹3,775–₹3,860 | ₹4,500–₹5,000 (+12–21%) | – |
🧠 CapitalKeeper Insights
- BHEL & Siemens stand out with clear bullish technical setups—ideal for tactical trades.
- BEML is trending strongly, but remember to respect support zones and note overbought readings.
- GE T&D needs more confirmation—monitor for clear breakout or breakdown.
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India’s Railways is not just a transportation backbone it’s becoming a growth engine. With rising government CAPEX, modernization drives, electrification, semi-high-speed corridors, and Make-in-India momentum, the railway ecosystem is offering one of the most exciting thematic growth opportunities.
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