BHEL
BHEL - Inverse Head and Shoulders Pattern - Daily - Medium termBHEL is forming an Inverse H&S pattern on Daily time frame.
Target : 58
Stop Loss : 35
BHEL - Long Journey AheadBHEL is forming a nice base to launch itself.
Above 45 it would quickly race to 70 before consolidating again for further upmove.
BHEL Long(Tradeline BO).....Tradeline BO with volume
Above 39
target 42-44-46.5
support at 30
good volumes from past few days
above all important moving average
BHEL trade of Brach ZoneThere is a great opportunity to trade in BHEL for a time period of 3 months to 12 months.
Keep stop loss of 30 on closing basis and target will be 40 .
**please trade as per your risk appetite**
Inverse Head and Shoulder Pattern in BHEL for target of 40+In today's session, BHEL breakout the inverse head and shoulder pattern. As well as its trading above 200 DEMA. It's indicating a strong bullish move in this stock for a short term. In the upcoming few trading session, we can expect a target of 40+ in this stock. Can go long for a target of 40+ with nearest stop loss at 34.30. Near 35.50 is a good entry position in this trade to get a good risk-reward.
Possible Trade:
Buy BHEL above 35.50
Stop-loss 34.30
Target 40+
Breakout in BHEL on weekly and Daily chartsBreakout in BHEL on weekly and Daily charts.
Target is 60.
BHEL - Bullish Breakout from INHSNote: This is for educational purpose only.
There seems to be a bullish breakout from Inverse Head & Shoulders pattern. Similar breakout is seen on RSI as well. RSI above 66 indicates bullish momentum.
BHEL Chart set up, view & trading strategyBhel
CMP 33.50
- The stock is near important support levels (around 32.50)
- if held on to the stock can see a move towards 37 / 40 odd levels
- blue line could be a potentially strong support levels
Given the set up one may consider selling BHEL 31 Dec expiry 32 Put option
around 0.50
Lot size 21000
Max profit potential Rs 10500/- per lot.
(Yield potential of 3.2% on Capital Margin in 8 days)
Importantly Risk cover for a fall up to 31.50 till 31 December 2020
Take care & safe trading...!!!
Disclaimer:
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- 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
godavari power views godawari power another power stock with power being one of the main centre of attraction of this MAD RUN
looks great as of now on chart , for some great gains ahead ...
BHEL kiss 42 BHEL - (CUP HANDLE PATTERN)
BHEL is at a key support area and seems to be a good place with good risk reward entry. BHEL defently reaches 42 stock price ....keep holding untill getting profits
BHEL Consolidating with reduced volumes: Stoked for breakout?BHEL has formed a symmetrical triangle on hourly charts.
A requirement for a triangle formation is consolidating or reduced volumes and that is exactly what is seen on this setup.
It will resume a previous uptrend, ie, upwards, after it breaksout from the triangle. Keep on radar.
Like and follow.
NSE:BHEL
BHEL 17/dec/2020 intraday - Long entry(buy)Intraday buy side entry with Target area to exit trade and SL area
BHEL Go Long.Rounding bottom on weekly chart. Third time will hit the resistance and also long term trend line.
BHEL: Long term bullishRefer chart.. As per weekly and monthly chart it is turning from bearish slowly. Weekly MACD cut will helps to reach Target 1.
Vijayaraghavan.K,
Kovilpatti.
BHEL is good long candidate for medium term basisFormation of probable Head and shoulders Chart pattern . Target is 170 . CMP 115
