Classical Cup & Handle Breakout in BHELClassical Cup and Handle Breakout in Bharat Heavy Electricals Ltd
Fundamentally this is one of the undervalued stock in the Capital Goods - Electrical Equipment sector which comes under Electric Equipment industry.
52 week high also broken and candle closes above that level with marubozu candle supported by volume.
Target are mentioned in the chart.
Stop loss below 68 level.
This is just a view not recommendation, do your own analysis before making any investment.
NSE:BHEL
BHEL
BHEL - Ichimoku Bullish Breakout Stock Name - Bharat Heavy Electricals Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 83
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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# Ichimoku Cloud
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Long BHEL- Move is ON..NSE:BHEL
✅ #BHEL trading above Resistance of 78.5
✅ Next Resistance is at 104
Here is related chart:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
BHEL BULLISH BREAKOUTBhel is looking good on daily charts by breaking a downtrend line resistance in style and closed on above that resistance with good volume jump in it, earlier also it breaks a strong resistance which I shared that link also in this chart, so we can see coming more bullishness in this counter.
Cause of Long-:
1- Down trendline trendline breakout
2- Volume Breakout
BHEL moving inside the Parallel Channel
Bhel has couple of resistance ahead, 73, 77 and 80 .
Result of this quarter has not boost the confidence of investor thus far.
So, it might move down to touch the support of the parallel channel.
Positional view for the next 10-15 days :-
Target : 65
Entry at 73+
SL: 75
for more details see the chart .
BHEL --INTRADAY SETUP-- 21/11/2022BHEL --15 MIN CHART -- INTRADAY SETUP -- 21/11/2022
1. Trendline breakout seen on 15 min chart above 70 level
2. Triangle pattern formation and triangle breakout also seen at same level
3. Stock seen consolidate at this level after sharp rise from above 50 level to 75 level last few days fall around 70 and look like ready for upmove again
4.Triangle breakout candle seen last 15 min closing candle .
5. Trix line seen positive crossover around center line ( 0 line )
6. one can initiate intraday BUY around 70-70.75 level for intraday target 71-72-73 stop loss can place bellow support level at 68.50
** THIS IDEA IS FOR EDUCATIONAL PURPOSE ..trade at own risk .!!
HAPPY TRADING . !!
BHEL -- POSITIONAL BHEL -- DAILY CHART -- POSITIONAL
1. BHEL Seen trend reversal doji candle on daily chart last closing daily candle
2. Currently stock trading at upper channel and lower level of upper channel doji candle indivcate possible trend reversal from current level at
55- 57
3. currently stock closing at strong support line 55-57 level
4. trix line near center line
5. one can initiate buy at current level 55-57 for target 60-62-65 as positional trade ( 1 month ) and stop loss can place at 50-51 level
** THIS IDEA IS FOR EDUCATIONAL PURPOSE ..trade at own risk !!
HAPPY TRADING. !!
BHEL BREAKOUTBhel is looking bullish on weekly chart after so long time and consolidations I tried to identify earlier good support that become resistance later now it is breaking that resistance and gives a strong close on above that resistance it is indicating coming bullishness in this counter by the price levels currently it is breaching identified the trendline
What Type of Charts/Picks u want ?NSE:CANBK
Sharing levels on regular basis, keeps on my followers increasing and the messages too.
But when i see the boosting (LIkes) not able to see upto the mark.
Kindly let me understand what type of charts you guys are expecting from me, are my charts useful for your trades/study ?
let me know your views....
Based on your replies will try to refine the picks or analysis as per need. Expecting promt reply if my charts were useful, else kindly ignore and check this chart too....
BHEL - BREAKOUT TRADEBhel NSE:BHEL
Trading at monthly high and also breaking above trendline resistance zone it seems this stock has potential to retrace back to old highs . Buying can be done with stop loss
Do Comment , share and "LIKE" if you find this info valuable to use . Believe me it takes lot of time to visualize the market before the opening bell :)
Happy Hunting ,
Chintamani
Disclaimer.
I am not SEBI registered analyst.
My studies are for educational & General purpose only.
Please Consult your financial advisor if you have plans of trading or investing.
You yourself hold sole responsibility of profits and your losses arising of above shared info
BHARAT ELECTRONICS_BULLISH MOMENTUMBHARAT ELECTRONICS moving towards uptrend in Rising Wedge Pattern and also its seem like a inverted typical head & shoulder forming. so, keep concentrate for breakout confirmation. In daily chart, if price open & close above the trend line. Pattern will activate then it will move towards upward resistance.
BHEL - Long Idea - Re-entering for Target of 82Scrip - BHEL
Setup : Start of Second Wave (Elliott Wave) for a Target of 82.
Stoploss : 63. (I will be adding more to my position in case market crashes and will accumulate this stock at lower levels)
Please be note, this is the first time I am publishing an idea following Elliott wave to see the viability of the concept and testing my understanding.
I had earlier published a Trade on BHEL and that was successfully closed with good return of 25% profits @75. This is a re-entry in the stock.
Please use your own judgement and analysis and trade as per your risk and knowledge.
I am not a SEBI registered Analysts or Financial Advisor. Please trade as per your risk profile.
BHEL: Moving Average Play
Similar to Nifty view and trading strategy, BHEL can be looked at from Moving Average angle.
- stock is trading above 20 day EMA and
- today has managed to closed above it's 50 day EMA
Based on Moving Average play, Short term target potential: test of 200 day EMA (around 54.8 to 55.05)
Closing above that could open doors for further up movement towards 58.2 / 61.50
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F&O trading strategy
Given the set up, One may consider to sell 30 June expiry 50 Put option
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SL for Equity as well as F&O trade: if BHEL closes below 50 on daily charts
Set up provides good Risk::Reward ratio to go long
Take care & safe trading...!!!
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Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- 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