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...
#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
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...
BHEL Analysis Weekly Timeframe
Flag and Pole Pattern in BHEL
Flag Breakout in BHEL
Bullish view on BHEL
Projected Target = 165.80
Stop Loss = Below 67.95
FOLLOW FOR MORE SUCH AMAZING IDEAS.
BHEL gave a breakout and people as always ran after buying it any price ignoring the risk involved in that position.
Market moves in waves and not in linear motion.
WAIT FOR PULLBACK.
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...
BHEL
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...
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...
We can see on the weekly timeframe, the stock has been consolidating for two years, forming an Inverse Head and Shoulders pattern.
On the daily timeframe, there's a breakout with a smaller candle above the Neckline. However, there's a possibility of a fakeout, so we'll wait for a strong confirmation.
We'll enter the trade only when there's a bigger green candle...
