MACD has already done positive cross over & EMA is about to make a positive crossover.
Morning Doji Star bullish candlestick pattern formed near support level in BHEL. Go long after breakout of downtrend resistance for the target of 29.50 and 32.30+.
MACD may make a positive crossover today. This week looks interesting for BHEL.
MACD line is about to crossover the signal line. BHEL may breakout from here.
Chart Pattern - Just for educational purpose.
BHEL Is Trading Near It's Support Trendline...Keep Watching...
Buy BHEL because of following levels 1) The present down-move volume is low. 2) MAC-D divergence present. 3) Elliott wave suggesting an upmove
The present price structure suggesting that a zig zag corrective movement can take place in the coming sessions.
Cup and Handle formation in BHEL, a big breakout is expected with next significant resistance at 61 level. SL can be kept below the demand zone it is currently sitting on.
Good buying at lower level. Trend can continue.
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 . Disclaimer: It should not be assumed that the...
1. a head and shoulder spotted 2. wait for a full breakout 3. trade on the retest of the daily neckline 4. If the end of week, the weekly candle is a rejection candle, check for bearish div in the weekly chart **wishing you all the best. Learn before you can trade**
Falling Wedge broke out on 12 Aug followed by a Cup & Handle on 18 Aug, now making the "Three Rising Star" pattern. Price Target expected 43
Head and shoulder patter observed in BHEL. H&S indicates a trend reversal from Bullish to Bearish. But Since Nifty is in bull run & will go upwards after minor corrections happening since past few days. Hence I am more in favor of long setup in BHEL. Volume is gradually increasing from a couple of days. Volume & Price action is in favor of a long setup Most...
BHEL enter once it closes above 42.35 in daily we can see an upside till 45-46 and once it closes above 48.5 we can see a target till 54.10 and 59.40 and more upside.
BHEL has given a very beautiful for Cup & Hndle Pattern and its now test the channel. We ca Initiate a long trade here with stoploss below previous swing low for target 43-44
Goverment of India has stated that defence requirements in India will be made by India and reduce any imports. This has seen a direct effect in companies working for the defence sector like NSE:HAL , NSE:BEML , NSE:BEL , NSE:BDL & so on. BHEL has also seen it's fair share of buying in the last week with the news annoucement pushing all defence PSUs higher....