Fundamentally good stock,
For long term investment.
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Entry: 102
target: 104 -119 - 130
sl: 97
major stoploss/ support: 87
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Enter only after breaking & close above " Yellow box" mentioned.
Or else wait for some time.
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;good for long term investment.
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Don't make complicated trade set-up.📈📉
Keep it " simple, focus on consistency 💹
Refer our old ideas for...
Date : 6-Apr-2022
Rating: Buy
LTP : Rs. 56.75
Target: Rs. 66-->80-->90
SL : 47
BHEL has given a break out from its secondary down trend within primary up tread as well as from its long term resistance level of 56 with increased volume. 7D EMA has crossed over 13D and 26D EMA. MACD cross over is already done and now its showing good strength for a bull...
NSE:BHEL
Observations:
1) On 1 day time frame, if we apply FIB RETRACEMENT then we can see that it has taken good reversal from 61.80% level range.
Breakout of 73.75 will give good up move. Safest buy trade entry on sustainable breakout of 76.25 level range.
Please refer below chart : 1day Time Frame.
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Trade...
NSE:BHEL
I am posting this on request from one of the follower.
Observations:
1) On 1 day time frame, 14-10-2021 candle is a profit booking candle. On 18-10-2021, if it breaks the low of this candle and keep trading below then it will continue the profit booking.
But if it trades above and takes support from low then it will be bullish again.
Major...
NSE:BHEL
Observations:
1) On weekly time frame, we can see that it took support from 21 MA and maintained to close above critical level of 65.
Please refer below chart : Weekly Time Frame.
2) On 1 day time frame, we can see that it took support from 10DMA and maintained to close above critical level of 65.
Please refer below chart : 1day Time Frame. ...
NSE:BHEL
Observations:
1) On Daily time frame, It broke 21DMA but still below 50DMA. Breakout on 50DMA will give good upmove. So far 50 DMA is a resistance.
50DMA is placed at 57.61 on daily time frame.
Please refer below chart : Daily time frame.
2) On 15min time frame, today it broke the trendline and gave good upmove.
Please refer below chart :...
NSE:BHEL
Observations:
1)On Daily Time frame: It has faced resistance from 50DMA. And stuck between 21DMA and 50DMA.
It closed just above critcal support zone now. critical support zone is 55.50-56.50.
There are two possibilities.
a) It has to bounce back from current level to go bullish again. or
b) If it breaks down 55.50 level then it will be bearish....
NSE:BHEL
Observations:
1) On Daily Time Frame, we can see that it is failing to close above 56 level. Which is a critical resistance Zone.
Also it has taken good reversal from 200DMA and now it is trading in between 21DMA and 50DMA.
Please refer below chart : Daily time frame.
2)On 1hr Time Frame: It has been trading in Ascending channel pattern.
...
NSE:BHEL
Trade Setup for Date 27-08-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level tomorrow.
Please...
NSE:BHEL
Observations:
1) On One Hour Time Frame, it just broke the trendline and closed above it.
Please refer Chart below: One Hour time frame.
2) On Daily time frame, it took support from the critical Zone bottom level.
Please refer Chart below: Daily time frame.
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Trade Setup for Date 20-08-2021:
1) Don't...
NSE:BHEL
Here is simple trade setup for BHEL. Levels and chart are easy to understand.
Further if you see on daily time frame, it has formed inverted hammer pattern. So if on 09-08-2021, if it maintains the level and trade above 57.55/57.65 then it will be bullish. And if it fails to do so then it will continue it downward journey.
Do comment your doubt or...
BHEL is about to move higher from the current level (64).
First target : 80
Second target : 86
Third target: 95
Invalidate level : 59
It is an impulse from Oct'20 low and wave 5 is in progress. The projection of the wave 5 is mentioned above as targets.
I expect the up-move from Mar'20 is wave A of flat. Wave A is about to complete and then there may be...
BHEL - broke and sustaining important weekly level of 57.15, Good volume also seen on daily chart
Entry – CMP or around 60 (if Pull back happens)
Stop loss – 50.35 (Trailing Stop 58.7 after Price gives a run up)
Target 1 - 103.45
Target 2 - 195.7
Duration - 2-4years
Small resistance around 59.6 (Crossed and Sustained)
Strict Trailing Stop loss will be required...
![BHEL: Simple Trade Setup | BHEL | 21-10-2021 [ INTRADAY]](https://s3.tradingview.com/z/z399AQf7_mid.png "Simple Trade Setup | BHEL | 21-10-2021 [ INTRADAY]")
![BHEL: Simple Trade Setup | BHEL | 18-10-2021 [ INTRADAY]](https://s3.tradingview.com/u/ufPAbvXN_mid.png "Simple Trade Setup | BHEL | 18-10-2021 [ INTRADAY]")
![BHEL: Simple Trade Setup | BHEL | 11-10-2021 [ INTRADAY & POSITIONAL]](https://s3.tradingview.com/m/m0iArxwj_mid.png "Simple Trade Setup | BHEL | 11-10-2021 [ INTRADAY & POSITIONAL]")
![BHEL: Simple Trade Setup |BHEL | 20-09-2021 [ INTRADAY]](https://s3.tradingview.com/8/8qQJbmto_mid.png "Simple Trade Setup |BHEL | 20-09-2021 [ INTRADAY]")
