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
BHEL
BHEL LONG Term ProspectWelcome to the update for BHEL for long-term holding. It was in a downtrend for a long time. It finally broke the trend and is ready for another leg up. It retested successfully and is currently trading around Rs 54.90. It can show a potential rally of around 42% from here as it looks good both technically and fundamentally. The expected entry range should be between Rs 52 to Rs 56. The target is expected to reach around Rs 77+ within a few days.
This is not financial advice, please do your own research before investing and we are not responsible for any of your losses or profits.
BHEL -- INTRADAY SETUP -- 20/04/2022BHEL INTRADAY SETUP --HOURLY CHART - 20/04/2022
1. As seen on hourly chart Last hourly candle seen strong pullback to channel and stock trading at lower channel support level now
2. as channel continue will seen good support from here to next trading session .
3. MACD above center and signal line
4. RSI at mid range above 50 n daily chart
5. hourly chart pattern is higher high
BUY BHEL @ 53.55
TARGET 54.50 -55
Stop loss 52.25
** THIS IDEA IS FOR EDUCATIONAL PURPOSE.. trade at own risk
** HAPPY TRADING. !
Bharat Heavy Electricals Ltd. (BHEL) Break Out Trade OpportunityDate : 6-Apr-2022
Rating: Buy
LTP : Rs. 56.75
Target: Rs. 66-->80-->90
SL : 47
BHEL has given a break out from its secondary down trend within primary up tread as well as from its long term resistance level of 56 with increased volume. 7D EMA has crossed over 13D and 26D EMA. MACD cross over is already done and now its showing good strength for a bull run. RSI is at 65 and has shown positive convergence.
Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.
BHEL SWING TRADEHello, bhel mid-term swing trade buy: 52 targets: 59.50/66 stoploss: 48.80.
LOGIC BEHIND TRADE: Stock has formed W pattern on 1D chart & given breakout of dynamic trendline resistance & static resistance pull back buying strategy, (targets identified from harmonic xabcd pattern level 0.886/1.272) stoploss is taken previous swing low. Stock looks soild for mid term swing trading. NSE:BHEL
BHEL - FALLING CHANNEL BREAKOUT -LONGBHEL DAILY CHART --FALLING CHANNEL BREAKOUT
1. Stock seen fall from sub 76-78 level to 44 level and form falling channel throughout last 4-5 months . stock seen falling channel breakout
last closing session with high volume , which indicate stock has bottom out and ready for trend reversal
2. at falling channel at support level triangle pattern also form which also breakout same level which can be take as supportive indication for
trend reversal
3. RSI seen bullish trendline breakout at this level 57.82
4 60, 65 is resistance where we can place as 1st target once broken stock may seen above 70 level also
5. stop loss can be place bellow 44 level where stock seen strong support and bottom out.
** THIS IDEA IS FOR EDUCATIONAL PURPOSE ** trade at own risk'
** HAPPY TRADING. !!
BHEL- Trend Change Breakout on Short Term ChartsBharat Heavy Electricals Ltd is an integrated power plant equipment manufacturer engaged in design, engineering, manufacture, erection, testing, commissioning and servicing of a wide range of products and services for the core sectors of the economy, viz. Power, transmission, Industry, transportation, renewable energy, Oil & Gas and defence. It is the flagship engineering and manufacturing company of India owned and controlled by the Govt. of India.
Bhel - Edge of the BreakoutBHEL can breakout on both the sides, but mostly possibilities are on the long side.
Low volume indicates it will move higher cross 60 easily tomorrow.
If the trend line is broken then can expect a good upside.
This is only for educational purpose not a recommendation, please do consult your financial advisor.
BHEL -- INTRADAY SETUP -- 17/01/2022BHEL -- pick as intraday on 17/01/2022 Due to strong bullish technical indicator, stock has 200 SMA support , Bullish CUP pattern formation with strong trendline breakout with Good volume, Channel breakout, Bottom formation before breakout all indicators seen on hourly chart . stock can give upmove 2-3% on intraday for next trading session. can stay long also for 10.20% upmove for positional trade from cmp 63.70.
all techncial indicators explain in chart !!
BUY BHEL @ 63.70
TARGET 65-66 INTRADAY
STOP LOSS 61.25
intraday support : 61.70, 62.50
intraday resistance : 64.70, 65.80
*PLEASE DO OWN ANALYSIS...IDEA FOR EDUCATIONAL PURPOSE...take call at own risk!
HAPPY TRADING !!