BHEL
BHEL ANALYSIS FLAG PATTERNIT IS CONSOLIDATING INA FLAG PATTERN NOW IT MUST COME TO LOWER LINE TARGET GIVEN FOR SHORT PLUS GAP AT 46.5 MAY BE FILLED NEWS HAS COME FOR BHEL
CRISIL DOWNGRADED RATING ON LONG TERM BANK FACILITIES AA FROM AA+ GOOD LUCK
NOTE: TRADE AT YOUR OWN RISK I MAY BE WRONG
BHEL can attempt breakout buy BHEL at CMP at 55.65 for target of 64 65 , keep sl at low of today's candle
Bhel : Holding Bullish Range ShiftBHEL: In my previous updated i mentioned the range shift fact in the stock. The stock is reattempting breakout from the clouds. In today’s session it created a bullish candle. The macd is turning up while rsi is comfortably above 50 levels. The chikou is free As long as 51 levels are protected the stock is expected to move up in the near term.
BHEL: Range Shift Bearish to Bullish?BHEL: After a former failure breakout attempt from the clouds, today’s session made an reattempt to breakout. The RSI is into a bullish zone and also managed to form a PR on the daily charts just near 60, indicating strength. The TK is pointing up with MACD above zero indicating bullish strength in the move. As long as the stock stays above 50 the trend up can be considered safe.
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BHEL : important supportBHEL has started trading around 1998-99 and then found multiple resistance at 40-46 zone. Green trendline ( weaker one as only 2 supports has formed within 1 year time) also show support at 40-42 level. Weight of evidence is still not suggesting any buying at this moment but short term bounce can't be ruled from this important zone.
TOP PICKS - DIRECTION - FORECAST - 30th Sept 2019Hare Krishna !
The post is to give my personal bias on the stock movement for the coming week.
The stocks have gone through a thorough filtration
The post gives one of the most important needs of a trader ie- the "Direction" .
One can buy or sell based on his or her own strategy/use my method.
For more info on my method you can send me a message.
Good Luck!
Disclaimer - ( It is highly recommended that viewers/traders/Investors should independently review particular investments/trades and techniques, and i encourage the investors/traders to obtain recommendation/suggestion or advice of a financial adviser.)
BHEL (Bharat Heavy Electricals Limited) BUY ABOVE 52BHEL (Bharat Heavy Electricals Limited) BUY ABOVE 52
BHEL (Bharat Heavy Electricals Limited) BUY ABOVE 51.2BHEL (Bharat Heavy Electricals Limited) BUY ABOVE 51.2
BHEL 50 || SHORT || INTRADAYIn my view, a slight retracement towards 48 may be seen tomorrow. Although the stock has built long liquidation.
SELL below 50 SL 50.50
Targets 49, 48.50, 48
OR
BHEL 29AUG 49 PE (₹0.40), 48 PE (₹0.15)
BHEL IS IN SUPPORT ZONEIT IS ALREADY IN SUPPORT ZONE.AFTER IT REACHES CLOSE TO THE SUPPORT ZONE IT HAS A CHANCE TO GO UPTREND BKOZ IT IS ALREADY IN OVERSOLD POSITION.
BHEL Bullish view-Short &Mid termRefer chart.. Suggested based on indicators view.
Vijayaraghavan.K,
Kovilpatti.
BHELCLOSING BELOW "65" LEAD TO ANOTHER DEAD LOW.......or
CLOSING ABOVE "75" LEAD TO ANOTHER DEADLY HIGH....... till then trade between these ranges
