Bharat Heavy Electricals Limited After forming an ascending triangle, BHEL is ready to fly. A breakout will help BHEL take-off. Wait for a 4h candle to break and buy. Educational purpose only - trade at your own risk. Good luck.
After breaking the rising channel, BHEL stands to break a previous resistance.
The levels are on the chart. Stay wise hedge if needed. Don't trade naked options. Trade Wisely and Smartly.
Stock has broken long standing TL with big volumes. today has taken rejection from Resistance zone. If stock is able to break 76.60 then we can see 5-10% move in couple of sessions only. P.S. Levels mentioned in chart
bullish harami signal observed on 14th and 15th may which is confirmed on 16th may.
NSE:IOC sits on better, cleaner and futuristic plans for 'fuel' of the next Decade. Hydrogen and electric based fuel to various vehicles is the narrative all the Automobile based companies aim for. Therefore companies like IOC, BHEL, BEL etc. are all stocks to hold on for a decade or two until this 'future' manifests.
Breaking about 3-4 years of Channel with heavy volume and is above the support level. The up move will easily give us around 60% of returns. Make Aggressive Buy around 43-47. StopLoss and Targets are mentioned. Happy Trading
We use almost centuries old fractal models based on basic sciences to decide buy , sell and timing. Bhel had given a strong buy signal on monthly scale which means a trade which can last years. Change of trend signal has been triggered which means Timing signal has triggered ( Lower panel) It has broken out of Green and Red lines ( monthly closing below 35.50...
Looking at the broader time frame we get a fair idea that breakout is with huge volumes and since last 1 week this stock is booming all over the roof. Accumulate at lower level even if it’s fall in tune of 60-65, Target seems sky’s the limit here on a longer duration.
NSE:BHEL The Daily chart in BHEL shows a clear-cut W bottom pattern. Let's call the first cable which crosses Neckline as Point A, and the first support as Point B. when the candle finally crosses the neckline after creating W bottom draw a line from point a to point b. and place it above the neckline that shows the target. It's clearly seen that it has given a...
An Inverted Head and Shoulders pattern broke out and retested itself inside a bigger Inverted Head and Shoulders Pattern. The same move is expected on the bigger pattern as well. ***** Please support the effort & if you feel it deserving, do appreciate it with a Like and following me would only add on to the motivation. I believe in keeping the chart simple...
Yesterday BHEL resistance @56 level after 5 months and today it holds not only the bullish pattern but also closes above 65 resistance level. The volume indicator also showing a big move or some news is coming soon. Last time such volume rally share price 50 to 80%. this time target for short time 75 and for long term above 100 rs. with stop loss 56 level.
BHEL looks bullish with huge supporting volume if sustain to move above 1st - 57 and 2nd- 75 than moves towards 100 with in 6 to 12 month........
NSE:BHEL has given a sharp momentum signifying new fresh Bullish sentiments after multi-year downtrend. There would be good demand in future for BHEL pertaining to EV segment and other Heavy Engineering requirements. It is a long term player and years to come will test its All Time High.
BHEL HAS GIVEN A BREAKOUT OF A VERY IMPORTANT RESISTANCE LEVEL WITH STRONG VOLUMES. IMMEDIATE TARGETS OF 70 CAN BE SEEN IN THE SHORT TERM.
Only for educational purpose. Recently it broke 4yr trendline now showing sign of bullish trend by forminf HH and HL . Buy @42-44 if shows bullsih candle in 4hr. You can also put a stoploss@37 if low capital.
On one side, the Double top indicates the chart to be Bearish. But on the other side, a rounding arc with good support and increase in volume leads this chart on the Bullish side. So I am on the neutral side. If it breaks resistance with good volume then go for a short term to long term investment. But if it falls below the resistance, then wait for some dips to...