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BHEL

Simple Trade Setup | BHEL | 18-10-2021 [ INTRADAY]NSE:BHEL I am posting this on request from one of the follower. Observations: 1) On 1 day time frame, 14-10-2021 candle is a profit booking candle. On 18-10-2021, if it breaks the low of this candle and keep trading below then it will continue the profit booking. But if it trades above and takes support from low then it will be bullish again. Major resistance is at 78 level. Breakout of it will lead it to next resistance of 80.50. Please refer below chart : 1day Time Frame. 2) On 15 min time frame, if we apply FIB RETRACEMENT, then we can see that it is above 38.20% level of FIB RETRACEMENT. Also we can see formation of bullish flag and pole pattern. Please refer below chart : 15min Time Frame. ------------------------------------- Trade Setup for Date 18-10-2021: Most of the levels will remains the same as per previous setup. 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:BHEL
by Trading_hawk
30
BHEL: Above 72 can see explosive movementChart is self explanatory. Keep a close eye. Between 69-67 looks good to accumulate Explosive movement may come once closing is above 72 for targets of 80 / 84 SL 63 Do note: This is not the 1st time we have written about BHEL. Last 2 recent ideas worked to perfection. It should be noted that our view may be biased because of our earlier positions. So pls do your due diligence Here are the Link to previous ideas Take care & safe trading...!!! 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
NSE:BHEL
by indiamarketoutlook
1
Simple Trade Setup | BHEL | 11-10-2021 [ INTRADAY & POSITIONAL]NSE:BHEL Observations: 1) On weekly time frame, we can see that it took support from 21 MA and maintained to close above critical level of 65. Please refer below chart : Weekly Time Frame. 2) On 1 day time frame, we can see that it took support from 10DMA and maintained to close above critical level of 65. Please refer below chart : 1day Time Frame. ------------------------------------- For Positional buy trade better to enter, once it give sustainable breakout of 67.50 level. With SL of 62.50 and Target of 82 for short to mid term. ------------------------------------- Trade Setup for Date 11-10-2021: 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respsective level considering how price action works near that level.
NSE:BHEL
by Trading_hawk
7
Bhel 42.95 - Reverse Head and shoulder patternBHEL- CMP 42.95. It has made reverse head and shoulder pattern on daily charts. It formed double top recently at 44.3. Breakout level is 44.3 If it crosses and stays there for some time then breakout happens. Its targets and SL are given on chart. Yesterdays cash volumes are good. Till yesterday it was in F&O ban and during ban generally price breakouts do not happen. Today it has come out of ban and recent announcement of monetisation of land and other assets of PSUs is a big positive for this as BHEL is having huge surplus lands in prime areas of Hyderabad, Bangalore, Bhopal etc. Also MACD is showing positive divergence. This is purely for educational purpose and consult finance adviser before taking any investment decision.
NSE:BHELLong
by avlnrao63
Simple Trade Setup | BHEL | 23-09-2021NSE:BHEL Observations: 1) On Daily time frame, It broke 21DMA but still below 50DMA. Breakout on 50DMA will give good upmove. So far 50 DMA is a resistance. 50DMA is placed at 57.61 on daily time frame. Please refer below chart : Daily time frame. 2) On 15min time frame, today it broke the trendline and gave good upmove. Please refer below chart : Daily time frame. ------------------------------------- Trade Setup for Date 23-09-2021: 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respsective level considering how price action works near that level.
NSE:BHEL
by Trading_hawk
Simple Trade Setup |BHEL | 20-09-2021 [ INTRADAY]NSE:BHEL Observations: 1)On Daily Time frame: It has faced resistance from 50DMA. And stuck between 21DMA and 50DMA. It closed just above critcal support zone now. critical support zone is 55.50-56.50. There are two possibilities. a) It has to bounce back from current level to go bullish again. or b) If it breaks down 55.50 level then it will be bearish. Please refer below chart : Daily time frame. ------------------------------------- Trade Setup for Date 20-09-2021: 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL.
NSE:BHEL
by Trading_hawk
2