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BHEL

BHEL: Chart set up.. trading strategy.. R&R and Risk ManagementBHEL Chart set up - the stock has seen a meteoric run of approx. 14 points from 122 to 136 on 1st Sept 23 and then a 14 point drop back to 125.65 a few days later on 12 Sept 23. - this makes the zone of 122-125.65 a crucial level to watch out for which may potentially act as resistance zone - on the down side 63 day EMA is around 118 - recent closing low of 116.3 and intra day low of 113.5 make those levels important on the downside... View - possible range bound movement Trading strategy - Given the view, an Iron Condor strategy can be considered to trade the current set up It consists Buying and selling of both Call and Put options Buy Out of Money Call & Put option and Sell Near money Call & Put Option Understanding Risk & Reward An example of Iron Condor strategy and its working Sell 115 Put option around 1.85 and Buy 110 Put option around 0.85 Sell 125 Call option around 2.9 and Buy 130 Call option around 1.6 Margin requirement for the strategy : Rs 66800 approx. Net receivables 2.3 points per strategy Lot size 5250 Max profit potential Rs 12075 if BHEL closes any where in between 115-125 on 30 November 2023. Loss in strategy if BHEL closes below 112.70 or above 127.30 on 30 November 2023 Risk Management One can review around 116-115 on the lower side / 124-125 on the higher side giving ample time and scope to adjust / exit with minimum damage. Focus on managing risk. If risk is managed, one stands a better chance to stay profitable. Do let me know in the comment section below if you find the analysis helpful. Like and Follow Take care & safe trading...!!! Disclaimer -The view expressed here is my personal view - Past performance is not a guarantee for future predictions - I have been wrong in the past and can be wrong again in future too - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:BHEL
by indiamarketoutlook
4
BHEL ltd,.; min 30% Return ; right time to investFundamentally good stock, For long term investment. . . Entry: 102 target: 104 -119 - 130 sl: 97 major stoploss/ support: 87 . Enter only after breaking & close above " Yellow box" mentioned. Or else wait for some time. ' ;good for long term investment. ' ' Don't make complicated trade set-up.📈📉 Keep it " simple, focus on consistency 💹 Refer our old ideas for accuracy rate🧑‍💻 Valuable comments are welcomed-✌️ . refer old ideas attached below
NSE:BHELLong
by TheNuraTrading
3
Inverse Head & shoulders in BHEL.We can see on the weekly timeframe, the stock has been consolidating for two years, forming an Inverse Head and Shoulders pattern. On the daily timeframe, there's a breakout with a smaller candle above the Neckline. However, there's a possibility of a fakeout, so we'll wait for a strong confirmation. We'll enter the trade only when there's a bigger green candle than the previous one and should sustain above the line as that would be our trigger. If the trigger is met, we can consider going long on the stock. Our target would be to achieve more than a 15% gain, while setting a stop loss at 8% to manage potential risks. Buy- 102 Target- 120 Stoploss- 94 Note- I am not SEBI registered, Please consult your adviser before Investing.
NSE:BHELLong
by BullishLine
Ascending Triangle Breakout seen in BHEL | Target 104+Hi guy's, i hope you all will be good, i have brought an another stock which has given a Ascending Triangle Pattern Breakout on chart. This idea definitely is going to a learning content as i am gonna to explain in very brief about Ascending Triangle Pattern. So let's start, What is Ascending Triangle Pattern? An Ascending Triangle is a Classical Chart pattern that is used in Technical Analysis to indicate a continuation of a trend. It is created by a horizontal resistance line that is drawn along the swing highs, and a rising up trendline that is drawn along the swing lows as shown in the Chart Above. The breakout in an ascending triangle can occur to the upside or downside. Ascending triangles are often called continuation patterns since the price will typically breakout in the same direction as the trend that was in place just prior to the triangle forming. A trader enters the trade on the long side, if the horizontal line is broken out on the upside. The stop-loss in this case would be the lower trendline. The target would be the widest part of the triangle. If a breakout happens on the downside of the ascending trendline, a short entry can be taken and a stop-loss can be put above the horizontal line. Again the target would be the widest part of the ascending triangle. Like any support/resistance or trendline breakout/breakdown, volume plays a very important part in confirming the strength of an ascending triangle breakout/breakdown. The volume should be low and below average as the ascending triangle is nearing completion and when the breakout or breakdown happens, the volume should be high, indicating that big money is participating in the move. An ascending triangle can be high reward to risk trade as the stop-loss is small (because of the narrow width of the triangle at the time of completion), but it is also prone to false breakouts, hence one can minimize the chances of a false breakout by following rules similar to the ones applicable on trendline and support/resistance breakouts: Ensure that the number of touches on the trendline or resistance are high (minimum two touches are required) Ensure that the volume going into the pattern is low and the volume on the breakout is high. So guy's i think now have definitely understood about Ascending Triangle Pattern Breakout. So if you see this type of pattern on chart, then go for long with proper stop loss. Levels i already have marked on chart. Please see chart for entry, exit and stop loss. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:BHELLong
by TraderRahulPal
2
BHEL- Moving towards 100BHEL is an engineering company which manufactures integrated power plant equipments. It is segments include in Power which comprises of thermal, gas, hydro, and nuclear power plant businesses and also in industry segment which caters equipment supplies for various industries, including transportation, transmission, defense and aerospace, downstream oil and gas, power, renewables, energy storage, and electric mobility, among others, and petrochemicals. BHEL is debt free company with more than 60% promoter holdings and has a strong balance sheet enabling it to report stable earnings and growth across business cycles.Also the recovery from its 52 week low is very high and now near its 52 week high . In the technical point of view its comfortably placed above its key moving averages- 50EMA and 200DMA. Recently it signed an agreement with volvo commercial vehicles. Also got the orders for the assembled sets of Vande Bharath train . Altogether it is showing a strong and clear signal of movement towards 100 .
NSE:BHEL
by DevanNaayar
BHEL Analysis(W Pattern)!BHEL Daily Analysis/b] Double Bottom (W) Pattern formation in BHEL Will it move as per Double Bottom Pattern Analysis? Will See!! BHEL has made double bottom pattern on Daily Timeframe and also it has given neckline breakout 79.85 with good volume and successfully able to close above it. BHEL is trading above 50 EMA which is also a confirmation of bullish trend. Trading Psychology and Setup = Entry = Entry will be between 80-82 Target = Target 1 will be 87.60 which is also a 1.618 fib level and will acts like a possible resistance and 2nd will be 95.50 Stop Loss = Below 76.75 Disclaimer = All my analysis are for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2) Do your own research and analysis 3) Define your Risk to Reward ratio 4)Don't trade with full capital
NSE:BHELLong
by Avinash9087
9
Opportunity knocksRise from 66.30 was a clean 5 wave structure (1st or A wave) and now the corrective phase going on. With "c" of abc pending, it is expected to complete in the coming week amidst global market volatility. We would be looking to enter long trade at first instance of reversal for 3rd or C wave up. Please note this is personal observation and basis of our personal trades. Please do not enter any trade blindly on our view and do refer your set-up and / or investment advisor for the same.
NSE:BHEL
by riskOmeter
4
BHEL --INTRADAY SETUP --23/01/2023BHEL --INTRADAY SETUP -- 1 HOUR -- 23/01/2023 1. BHEL trading at upper channel on hourly chart , trendline & channel support seen at 80 level 2. stock close 80.80 last closing session near support level . 3. one can initiate BUY at 80-80.50 target 82-83 on intraday stop loss bellow 79 4.IF 15 min/ hourly candle close bellow 79, which is hourly trendline breakdown then initiate sell for target 78-77 * normalize deviation oscillator shows strength, bullish above 0 ( center line ) , Bearish bellow 0 ( center line ) . **THIS IDEA IS FOR EDUCATIONAL PURPOSE ..... trade at own risk .!! HAPPY TRADING. !!
NSE:BHEL
by champtrade111