BHEL --INTRADAY SETUP -- 1 HOUR -- 23/01/2023
1. BHEL trading at upper channel on hourly chart , trendline & channel support seen at 80 level
2. stock close 80.80 last closing session near support level .
3. one can initiate BUY at 80-80.50 target 82-83 on intraday stop loss bellow 79
4.IF 15 min/ hourly candle close bellow 79, which is hourly trendline...
BHEL --MONTHLY CHART SETUP -- potential multibagger 2023
1. BHEL pick as potential multibagger 2023 due to bullish techncial indicators on chart set up
2. Monthly Trendline breakout , Resistance Breakout seen on chart .
3. lower channel breakout seen around 40-45 sub level since then stock at uptrend following trendline at upper channel currently
4. RSI ...
Classical Cup and Handle Breakout in Bharat Heavy Electricals Ltd
Fundamentally this is one of the undervalued stock in the Capital Goods - Electrical Equipment sector which comes under Electric Equipment industry.
52 week high also broken and candle closes above that level with marubozu candle supported by volume.
Target are mentioned in the chart.
Stop loss...
NSE:BHEL quoted profits after many quarters. The rising demand from real estate will support the growth and earning of Bharat heavy electronics in near future. Investors can add this FALLEN ANGEL in their Portfolio.
- Strong balance sheet
- Good Promoter holding (63.17%)
The idea shared is for educational purpose only.
Yesterday we have updated trade on NSE:BHEL for the price target of 84 and we are glad that we hit 83.5 but the stock reversed from there I exited my position and took a short position as you see in today's chart update.
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BHEL is in good uptrend.
it is forming an ascending triangle pattern with higher lows which is good sign of an uptrend!
Long opportunities can be seen at the levels of 84-85 if this level breaks further upside can be seen in the stock!
do keep this stock in your watchlist
if the ascending triangle is broken on the downside trend is assumed to be reversed.
NSE:BHEL After retest of Inverse HNS breakout.
Again ready for the Rally to New Highs.
It's a multi year Breakout. and has potential to go much higher.
#BHEL is setting up.
If it crosses 52week High & monthly trendline also. It is ready to go 100 & above.
SL - stop loss
T1 - Target
W - weekly resistance/support
ATH - All time high
NSE:BHEL
BHEl Demand And Supply Zones
BHEL give multiyea Breakout , after breakout stock tryng to retest to Support Zone - 75 to 80
Buy Near Support Zone
BHEL First Target - 103
BHEL Second Target - 117
Stoploss - Any Weekly Candle Closes Below - 75 Exit from trade
Here in BHEL it looks like wave 1 & wave 2 have been completed at 391 & 18.60 respectively.
3 monthly chart has been shared for clarity.
The red arrow is marked for entry..
TSL is also shared ...
1. 2021 High Breakout.
2. Huge Breakout Volume.
3. Aggressive New longs in Futures.
3. Increased Deliveries.
4. Huge Volume Activities in last couple of months.
5. Strong Relative Strength and RS inclined up (meaning Stock continues to outperform benchmark).
6. Net Alpha of 42.71% from ARS date 7-March 2022.
Stock Name - Bharat Heavy Electricals Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 83
#This is not Buy and Sell recommendation to any one. This is for...
NSE:BHEL
✅ #BHEL trading above Resistance of 78.5
✅ Next Resistance is at 104
Here is related chart:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This...
Bhel is looking good on daily charts by breaking a downtrend line resistance in style and closed on above that resistance with good volume jump in it, earlier also it breaks a strong resistance which I shared that link also in this chart, so we can see coming more bullishness in this counter.
Cause of Long-:
1- Down trendline trendline breakout
2- Volume Breakout
Bhel has couple of resistance ahead, 73, 77 and 80 .
Result of this quarter has not boost the confidence of investor thus far.
So, it might move down to touch the support of the parallel channel.
Positional view for the next 10-15 days :-
Target : 65
Entry at 73+
SL: 75
for more details see the chart .
BHEL --15 MIN CHART -- INTRADAY SETUP -- 21/11/2022
1. Trendline breakout seen on 15 min chart above 70 level
2. Triangle pattern formation and triangle breakout also seen at same level
3. Stock seen consolidate at this level after sharp rise from above 50 level to 75 level last few days fall around 70 and look like ready for upmove again
4.Triangle...
