BHEL#BHEL
The company has just posted stellar earning this quarter, we have got a positive earning from the company after 5 consecutive negative earnings. The stock price of the company is still down 30 percent from its highs.
I fundamentally believe in the sectors the company is working on and after strong financial result this quarter BHEL has turned a buy on dips for me. I had previously shared a long term investment analysis on BHEL, if you already have a position on BHEL higher than its price currently I would suggest averaging.
BHEL still seems like a bullish investment opportunity for the future. Average at :
1) 230
2) Buy on every 5 to 10 percent dip.
Nearest target of *330.
BHEL
BHEL Picture Abhi Baki Hai (The Show is not Over Yet)BHEL has been in impulse wave since 2020 & is completing Wave 3 of lager wave (3) so 1 more wave looks pending a close above 280 would be first sign of correction has ended & the recent low was wave 4 which ended in ABC in a irregular flat or we might make a new low but should end between 234-224 right now shorts are not a good idea in current wave structure.
BEL IS LOOKING BULLISHBEL is looking bullish as its reacted from strong zone. If if closes above 295 more bullishness will be added. These all views are my personal and posting here only for educational purposes. These are not buy/sell recommendations. Better contact your personal financial advisor before go are investing into any stock.
BHEL was in sideways trend last week Stocks to Keep in Radar for Next Week
⏩ SBIN
⏩ NMDC
⏩ BHEL
⏩ DLF
BHEL is in corrective moce after making recenrt highs
If sustains above 300 level, it may try to test recent highs
However in case of Bearish pattern at higher level, it may come back to prev week's range
Important downside support is around 280 & then 270 level
whereas upside hurdle is aroud 320 level
*Election Results can create Volatility in the Maket
Keep Tracking Charts
*For Educational Purpose
Learn & Practice Price Action setups
BHEL: High Return Idea upto 52%BHEL is moving higher in impulse trend.
The Trend for BHEL is positive and the best of the trend is behind us.
Prices are currently moving in the form of wave 4 retracement.
Time cycle are the crucial areas of reversal and for Bhel it is due on 25th march.
So the up move has still more room to cover and we can expect the stock to reach towards the level of 300/320+ in the form of wave 5 by next 4/5 months.
Over short term dips can be used as accumulating opportunity with 200 as immediate support with a stop below 170 on weekly closing basis.
BHEL - SWING TRADE - 28th December #stocksBHEL (1D TF)
Swing Trade Analysis given on 28th December, 2023
Pattern: RECTANGLE BOX BREAKOUT
- Volume Spike Buildup at Resistance - Done ✓
- Breakout of Resistance - Done ✓
- Retracement & Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte
BHEL: Riding the Reversal Wave? Chart Analysis Inside!Hello traders!
Today’s spotlight is on NSE:BHEL stock, which recently surged but is now flashing a reversal candle pattern. Here’s a quick rundown:
Rapid Ascension: BHEL experienced a swift climb, catching the market’s attention.
Reversal Indicators: A reversal candle pattern has emerged, suggesting a potential shift in the stock’s trajectory.
Chart Insights: Check out the chart for my marked levels around 220 to 230 – potential key zones.
Derivative Play: Derivative traders, consider exploring ITM PE options based on your research.
Due Diligence: Always a reminder to conduct your research before making any trading decisions.
Stay Informed: Let’s stay informed and navigate these market movements together. Your insights are valuable!
See you in the next post, traders!
Best regards,
Alpha Trading Station
#BHEL trade idea setup (17/12/23)Greetings Folks,
today I have prepared a setup of NSE:BHEL on NSE
the analysis is as follows-
- the price was on a good trend but is now starting to change the bias
- with the recent failed breakout, its clear that price is not in full bullish mode
- we are waiting for price to decide a bias in coming days
- the price can go move sideways or give a proper light in its direction by breaking out either side
- the market is very volatile, trade with light head
don't play with fire, always use a predefined stoploss
BHEL: Chart set up.. trading strategy.. R&R and Risk ManagementBHEL
Chart set up
- the stock has seen a meteoric run of approx. 14 points from 122 to 136 on 1st Sept 23 and then a 14 point drop back to 125.65 a few days later on 12 Sept 23.
- this makes the zone of 122-125.65 a crucial level to watch out for which may potentially act as resistance zone
- on the down side 63 day EMA is around 118
- recent closing low of 116.3 and intra day low of 113.5 make those levels important on the downside...
View
- possible range bound movement
Trading strategy
- Given the view, an Iron Condor strategy can be considered to trade the current set up
It consists Buying and selling of both Call and Put options
Buy Out of Money Call & Put option and Sell Near money Call & Put Option
Understanding Risk & Reward
An example of Iron Condor strategy and its working
Sell 115 Put option around 1.85 and
Buy 110 Put option around 0.85
Sell 125 Call option around 2.9 and
Buy 130 Call option around 1.6
Margin requirement for the strategy : Rs 66800 approx.
Net receivables 2.3 points per strategy
Lot size 5250
Max profit potential Rs 12075 if BHEL closes any where in between 115-125 on 30 November 2023.
Loss in strategy if BHEL closes below 112.70 or above 127.30 on 30 November 2023
Risk Management
One can review around 116-115 on the lower side / 124-125 on the higher side giving ample time and scope to adjust / exit with minimum damage.
Focus on managing risk. If risk is managed, one stands a better chance to stay profitable.
Do let me know in the comment section below if you find the analysis helpful.
Like and Follow
Take care & safe trading...!!!
Disclaimer
-The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- I have been wrong in the past and can be wrong again in future too
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
BHEL ltd,.; min 30% Return ; right time to investFundamentally 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 accuracy rate🧑💻
Valuable comments are welcomed-✌️
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refer old ideas attached below