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
Intraday buy side entry with Target area to exit trade and SL area
Volume is dry. wait and watch
Rounding bottom on weekly chart. Third time will hit the resistance and also long term trend line.
Refer 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.
Formation of probable Head and shoulders Chart pattern . Target is 170 . CMP 115
Monthly chart formed descending triangle. Now taking support , indicating trend reversal. Long for target 64. Stop loss at 12.
HOW TO FOLLOW ALGO SIGNAL: Deciding buy/sell 1.Strictly use only on 1 hour time frame. 2.Wait for a ‘X’ sign before mind make up. A red ‘X’ means look for selling opportunity , a green ‘X’ means look for buying opportunity. Taking a position: 3.Wait for an arrow before entering into any position. A red arrow on upside of a bar pointing downward means open...
BHEL has closed above its previous 8 weeks with very convincing volumes. If we are to go by the 4-week rule, this could be a great opportunity to go long. Good strength in the stock. Please like and follow. NSE:BHEL
Perfect Double bottom pattern BHEL NEWS for receiving orders TECHNICALLY STRONG Bullish Fundamentally Supported
I hope you can now see how Bhel represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Thank You Disclaimer: It should not be assumed...
Note: This is for educational purpose only. There seems to be a bullish breakout with rise in volumes. RSI above 67 which confirms on the bullish momentum.
I dont want to say because you see cross over, Support also Indicators in Bull side. So its time to Invest for longtime.
BHEL was on a downtrend for the past two months and 200 EMA was acting as a dynamic resistance and it was tested two times before todays breakout with high volume . And it was creating higher lows from November 4th. ABOVE 30 BHEL looks bullish.
Note: This is for educational purpose only. There seems to be a build up near support which indicates absence of buying pressure/ demand. RSI below 50 indicates bearish momentum.
One sided fall and now consolidation. Chance of breakout is high.
BHEL showed a series of lower lows and lower highs. It has since, forming the bottom, shown higher highs and higher lows since the last couple of days. NSE:BHEL