BHEL - BULLISH or BEARISH? Crab or Gartley?

CMP: 252.5
TF: Daily

Observations:

- Price has broken Swing low at 224 and bouncing up in three wave structure

- Price is trading below the rising channel/trendline

- Price has negated the LH-LL structure by breaking the 249.2 high.. but the larger LH is still intact at 290 levels

- UNFILLED GAP at 236

- Price has just reclaimed 200 DEMA

- Price is still trading below the Cloud.. Cloud resistance is placed at 260

- SuperTrend is at 260

- Price is still trading below the falling trendline (connecting 327 and 291)

I have marked both of the Harmonic pattern possibilities that meets the criteria

- Gartley - The RED one.. target is placed at 261

- CRAB - Target is at 320

In my view, Price has a huge supply at 265-270 levels..

Price is now trading in the range of 200 to 270 band.. use the extreme ends for LOW Risk trades

I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions.