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...
BHEL 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,...
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...
BHEL is now sustained and trading above its long term down trend channel. Stock likely to move more higher from here. BHEL may be a good bet for next 1 to 2 years. Your comments most appreciated on this
BHEL is looking good on charts can be bought above the range as marked on charts good run possible above resistance zone connect with your financial advisor also
1. Bullish Engulfing Bar formed at Support and Resistance Zone
2. S/R location is at round number 80.00
3. Fib Ret at 61.80 Level.
4. Trendline position is perfect.
BEL has formed Reverse Head & Shoulder Pattern. Can be added at current level around 104 with target of 112 and set SL at 102. This gives us risk to reward ration of 2.28.
Disclaimer:
This idea is only for education purpose, Please consult your financial advisor.
I am not SEBI registered.
BUY - BHEL
CMP - Rs. 75
Target - 1: Rs. 90
Target - 2: Rs. 100
Target - 3: Rs. 115
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Technicals - Bullish Flag Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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Stock is performing well alongwith getting big projects, good stock for future investment, follow chart for safe entry and exit, ATH may also seen in future.
6-Apr 12:03 PM
BHEL Spot #Intraday
Buy at CMP- 69.9
Stop loss - 69.1
Target- As par strategy indicates
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
#NSE #stockstowatch #stockstobuy
#MCX #commodities #commoditytips
Rise 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...
triangle Pattern
A triangle chart pattern involves price moving into a tighter and tighter range as time goes by and provides a visual display of a battle between bulls and bears.
Script = BHEL
Time Frame= 1 day
NSE:BHEL quoted profits after many quarters. The rising demand from real estate will support the growth and earning of Bharat heavy electronics in near future. Investors can add this FALLEN ANGEL in their Portfolio.
- Strong balance sheet
- Good Promoter holding (63.17%)
The idea shared is for educational purpose only.
BHEL --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...
BHEL --MONTHLY CHART SETUP -- potential multibagger 2023
1. BHEL pick as potential multibagger 2023 due to bullish techncial indicators on chart set up
2. Monthly Trendline breakout , Resistance Breakout seen on chart .
3. lower channel breakout seen around 40-45 sub level since then stock at uptrend following trendline at upper channel currently
4. RSI ...
