BHEL is forming what appears to be a possible Cup and Handle pattern. Initiate long. Target : 44.25 Stop Loss : 36.70
BHEL has given the descending triangle breakout. Wait for the confirmation. This idea is for education purpose only.
Head and shoulders can be witnessed on chart! look below 34.45 for 31.65 or look above 35.75 for the targets of tgt1-36.75, tgt2-37 and tgt3-38.55! Happy trading! :)
The trade is based on elliott wave , which shows an irregular correction abc
I hope you can now see how the 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 favour. 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...
Clearly BHEL is following a trend but not able to 2 very old resistance lines, so if it shows signs to break these resistance line, a long position can be taken. For intraday and positional traders, I have drawn support and resistance lines, so trade the up trend using these drawn levels and place you targets and stop losses accordingly.
BHEL has formed a bullish triangle pattern on the 30 min chart. This is very favorable trade in terms of RR (3.84:1). Strategy: Looking for breakout above the previous highs from the current levels. Buy @ 41.5 SL @ 40.5 T1 @ 44.2 T2 @ 45.1
This stock has been under performing for a very very long time. It's a maharatna company, with sound financials. Watch out for break out above the resistance line and 200DMA, there's a huge volume bust too for support....
Bhel will reach a level of high confluence at the level of 40. Definitely it is an area of Profit booking So see you there
with the stock forming dual bottom and governmet making posituve changes regarding the sector the stock can show good upmove in long run can even show 60/62 in 18month duration .
Target: 35.40 SL: 31.5 Disclaimer: The author is not registered as a securities broker-dealer or an investment adviser either with SEBI or any other government agency. All views expressed is based on the author's technical analysis. It is highlighted that Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of...
Note: This is for educational purpose only. BHEL price might to go down based on RSI trend line lower breakout. Moreover, there seems to be an inverse hammer at resistance.
It looks like trading at very important level also called wait and watch zone , if it rosses 35 and give close above that level it may considered as breakout otherwise trend looks very negative.
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Buy BHEL above Rs. 25.20 for the target of Rs. 29 - 38 With stoploss of 23 ...
BHEL is in a downtrend channel from 11th April with a continuous series of lower waists. But at the same time two things can be noticed here: a. A rising shoulder pattern is forming which means if the price crosses above 27.60 then we might see a bull run. b. Price is trying to cross the red zone and about to enter into a green zone which is also a bull sign but...
the overall sector stocks looking set for a considerable upmove , I see a good one way move in the following sector and the stock of atleast 25 to 30% in NEAR term
As per me , BHEL is still in corrective wave , & so it is still in danger of falling upto 10 Disclaimer - Ma view , Ma ew view