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BHEL

A must buy opportunity in BHELLooking at the 4 hour time frame, the stock is making a beautiful triangle pattern inside of a channel. It has broken the trendline resistance of Rs 61 and has moved upwards. After almost 3 months of moving inside the candle, it has finally given a breakout. It also broke the trendline with good volumes which is another positive sign. Around 8% returns can be expected from the current levels in the short time frame. When we look at the 1 week timeframe, it is clear that BHEL has given a breakout after crossing Rs 61. More than 20% returns can be expected in long term from BHEL. It can be bought now with a very small stoploss and the target being at the upper trendline of the channel pattern. NSE:BHEL
NSE:BHELLong
by StocksGyan
BHEL - POSITIONAL - BULLISH TREND REVERSAL BHEL find bullish trend reversal daily candle on yearly chart 1day timefram. stock corrected from 78-80 level to 50-55 and last few days consolidating around 55-60 level ..last trading session stock has given strong breakout on daily candle with good volume confirm trend-line and triangle breakout clearly seen on chart. from current level CMP 62.65 as positional trade 10-20% upside can seen next 10-15 days time . Bullish technical indicators . 1. trend-line and triangle breakout 2. Double bottom seen before breakout 3. volumn seen increase 4. RSI bullish BUY BHEL cmp 62.65 TARGET 66-68-70 STOP LOSS 55 ** Please do own study and analysis this idea can help you for same..tale call at own risk. !! WISH YOU HAPPY TRADING. !!
NSE:BHELLong
by champtrade111
7
BHEL what people see and what I see.so many people saw bhel today as a top gainer bur I saw a tringle pattern which gave a breakout so I think from this weak to upcoming weak you can easily see a upward movement in bhel. SO I am a littile bullish on this stock because it was also in falling movement in previous candlles. I am in this stock and will be in it till it will not touches the target of 68 and above levels. Also this is my own opinion and should not be taken as advice . do your research as well and comment me for any other thing you can see. also you can see my previous ideas that worked today like grasim and aarti industries.
NSE:BHELLong
by TRADE_RESEARCHER
Rounding Bottom-Reversal in long-term price movementsBHEL, a midcap stock, technically formed an interesting price action. Looking at the monthly chart, you can see the rounding bottom. Rounding bottoms are found at the end of extended downward trends and signify a reversal in long-term price movements. If the price action were respectable, we could expect a multi-year break out. I'm hoping that any positive trigger from here will also ensure that the current range does not break. On the daily chart, there is a trend line. If that is broken with strength, it is good to add in to the long term portfolio.
NSE:BHEL
by Manuadarsh