BHEL pre-market intraday analysis and setup🎇Hello Traders👋
Today i have made a post on BHEL 15m
I hope you find this post helpful and informative👍
The targets and stoploss would be given in the charts or they would be according to pivot points
Thank You
—DISCLAIMER—
I am not a SEBI registered financial advisor
Please consider your consultant's advise a must , all the setups posted here will be considered as informative and educational post
I shall not be responsible for your profits and losses
BHEL
BHEL Swing TradeBHEL has given spectacular returns of 280+% in the past 1.5 year and is still looking good for the upcoming months.
It's currently facing resistance from a critical level and a breakout can be seen in the upcoming weeks providing a good swing trade.
Levels:
Entry = Rs 83
Target 1 = Rs 90.20 (~08.5%)
Target 2 = Rs 105.7 (~27.1%)
Target 3 = Rs 120.8 (~45.3%)
Target 4 = Rs 132.1 (~58.9%)
Target 5 = Rs 144.4 (~74.9%)
Note: There is a possibility that the price may retest and take support from T2 or T1 before giving a breakout.
Bhel is at support.Disclaimer :- This is not any buy or sell recommendation. It is just my view on this counter. Kindly consult with your financial or investment advisor before investing.
Bhel has taken a support on weekly chart at 50 sma and 50% Fibbonacci retracement has been done. Stocastic rsi is giving support also. Support level is around 48. And upper levels are 60, 65, 75, 80 Respectively.
BHEL Chart set up and viewBHEL
CMP 53.95
Observations
- stock has done a 76.4% retracement
- 200 day EMA around 53
- stock near trendline (which may act as support)
given the set up one may consider to accumulate stock from medium to long term perspective ( at cmp and on further dips )
momentum / short term players may consider buying if closing is above 57 for target of 62 / 65
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F&O strategy Suggested : Bull Put Spread strategy
One may consider
Sell 50 Put option around 1.25 and
Buy 45 Put option around 0.30
Lot size 10500
Net receivables Rs 9975/- per strategy lot (yield potential 14.5% approximately)
Loss in strategy if BHEL closes below 49.05 on 30 September
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
Simple Trade Setup | BHEL | 27-08-2021NSE:BHEL
Trade Setup for Date 27-08-2021:
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 tomorrow.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Simple Trade Setup | BHEL | 20-08-2021NSE:BHEL
Observations:
1) On One Hour Time Frame, it just broke the trendline and closed above it.
Please refer Chart below: One Hour time frame.
2) On Daily time frame, it took support from the critical Zone bottom level.
Please refer Chart below: Daily time frame.
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Trade Setup for Date 20-08-2021:
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 target w.r.t price action working near that level tomorrow.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Simple Trade Setup | BHEL | 09-08-2021NSE:BHEL
Here is simple trade setup for BHEL. Levels and chart are easy to understand.
Further if you see on daily time frame, it has formed inverted hammer pattern. So if on 09-08-2021, if it maintains the level and trade above 57.55/57.65 then it will be bullish. And if it fails to do so then it will continue it downward journey.
Do comment your doubt or suggestion.
My personal view is to wait for Monday to see how price action work and then jump in to the trade on either side.
BHELDescription is in chart itself. As GOVT. is in mood of divestment in PSE/PSUs, If government takes action in upcoming weeks than it might give fuel to the rally.
Also would like add NIFTY PSE chart as well, It is also at very crucial levels.
If resistance is taken out in further weeks than we can see a rally in PSE stocks with BHEL being a favourable and a bet with a good risk-reward ratio.
Keep SL according to you risk appetite.
NSE:CNXPSE
ONLY FOR EDUCATIONAL PURPOSE. NO RECOMMENDATIONS
#HAVELLS CMP 1046.70 Target 1216(15+%) #banknifty #nifty #equity#HAVELLS
NSE: HAVELLS
CMP 1046.70
Target 1: 1215+
SL 999
Time Frame < 2 months
Can hold the stock after booking at 1215> might rally ahead.
Factors:
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
BHEL Monthly Time Frame AnalysisBHEL Monthly Time Frame Analysis
Everything is written on the charts to summarise it
- Price broke out of Multi-Year Bearish trendline
- If a company start performing good can be a good multi-bagger again as it ATH around 2007
- Minor Red Rectangle is Minor Resistances
- Right now moving in an upward channel
-Next TGT 100
- Or it would just fall to major support again
Let see How it goes
*Not an investment idea just my views*
*If you need analysis for any equities feel free to leave me a comment*
BHEL - Elliott wave analysis # complete cycleBHEL is about to move higher from the current level (64).
First target : 80
Second target : 86
Third target: 95
Invalidate level : 59
It is an impulse from Oct'20 low and wave 5 is in progress. The projection of the wave 5 is mentioned above as targets.
I expect the up-move from Mar'20 is wave A of flat. Wave A is about to complete and then there may be retracement to below 30 level for wave B. From there we can expect strong up-trend to new high,