Targets for about 60%Breaking about 3-4 years of Channel with heavy volume and is above the support level.
The up move will easily give us around 60% of returns.
Make Aggressive Buy around 43-47.
StopLoss and Targets are mentioned.
Happy Trading
BHEL
Bhel- Long term BuyWe use almost centuries old fractal models based on basic sciences to decide buy , sell and timing.
Bhel had given a strong buy signal on monthly scale which means a trade which can last years.
Change of trend signal has been triggered which means Timing signal has triggered ( Lower panel)
It has broken out of Green and Red lines ( monthly closing below 35.50 and 42.80 will negate the trend ) , and as long as it treads above it, it's a long term long.
Will keep updating the levels for readers.
Enjoy
If you want to use these indicators or want to learn how to use to do message me.
BHEL 💯 🔜 Looking at the broader time frame we get a fair idea that breakout is with huge volumes and since last 1 week this stock is booming all over the roof. Accumulate at lower level even if it’s fall in tune of 60-65, Target seems sky’s the limit here on a longer duration.
W Bottom BHELNSE:BHEL
The Daily chart in BHEL shows a clear-cut W bottom pattern.
Let's call the first cable which crosses Neckline as Point A, and the first support as Point B.
when the candle finally crosses the neckline after creating W bottom draw a line from point a to point b. and place it above the neckline that shows the target. It's clearly seen that it has given a significant profit of 58%.
BHEL - Inverted Head & Shoulders + DivergenceAn Inverted Head and Shoulders pattern broke out and retested itself inside a bigger Inverted Head and Shoulders Pattern.
The same move is expected on the bigger pattern as well.
*****
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I believe in keeping the chart simple for easy interpretation.
Kindly express any disagreement & improvements so that we learn & earn together.
Always keep a stop loss to rescue you out of troubles and trail the stop loss as the price rises.
BIG MOVE COMING UP IN BHELYesterday BHEL resistance @56 level after 5 months and today it holds not only the bullish pattern but also closes above 65 resistance level. The volume indicator also showing a big move or some news is coming soon. Last time such volume rally share price 50 to 80%. this time target for short time 75 and for long term above 100 rs. with stop loss 56 level.
BHEL WALK TOWARDS 100 MARKBHEL looks bullish with huge supporting volume if sustain to move above 1st - 57 and 2nd- 75 than moves towards 100 with in 6 to 12 month........
BHEL should try to reach Rs110 & Beyond!NSE:BHEL has given a sharp momentum signifying new fresh Bullish sentiments after multi-year downtrend.
There would be good demand in future for BHEL pertaining to EV segment and other Heavy Engineering requirements.
It is a long term player and years to come will test its All Time High.
BHEL- STRONG BREAKOUT- SIMPLE BREAKOUT ANALYSISBHEL HAS GIVEN A BREAKOUT OF A VERY IMPORTANT RESISTANCE LEVEL WITH STRONG VOLUMES. IMMEDIATE TARGETS OF 70 CAN BE SEEN IN THE SHORT TERM.
BHEL swing tradeOnly for educational purpose.
Recently it broke 4yr trendline now showing sign of bullish trend by forminf HH and HL . Buy @42-44 if shows bullsih candle in 4hr.
You can also put a stoploss@37 if low capital.
Neutral Idea on BHELOn one side, the Double top indicates the chart to be Bearish. But on the other side, a rounding arc with good support and increase in volume leads this chart on the Bullish side. So I am on the neutral side.
If it breaks resistance with good volume then go for a short term to long term investment. But if it falls below the resistance, then wait for some dips to accumulate the shares.
I would not recommend it for trading as this is low volatile stock.
You all can comment down on any suggestion.
BHEL - CMP: 56On a longer time frame, It has given an Inverted Head-N-Sholder breakout with a good delivery volume. We can expect a target of 60 and 64 in the near term. Also, we can expect a target of 72 in Mid Term time frame. Also, Investors can expect a target of 80 in long term.
7 Years Pattern BHEL /-DISCLAIMER : Not an advise, just thought of sharing you this analysis.!
BHELISH.!
BHEL - Potential Long OpportunityThings to Note:
1. Good Wide range candle
2. Volume on BO
3. Change in market structure
4. Price above 50 MA
P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk
BHEL new trendBreakout of 50 will create new highs, short term target going till 76.
Please support the effort & if you feel it deserving, do appreciate it with a Like and following me would only add on to the motivation.
I believe in keeping the chart simple for easy interpretation.
Kindly express any disagreement & improvements so that we learn & earn together.
Always keep a stop loss to rescue you out of troubles and trail the stop loss as the price rises.
Disclaimer - This post is for educational purpose only. Please consult your financial advisor before taking any position.
Bhel LongFollowing a channel pattern. Looking in a uptrend one can buy at around 43.5-44 using 41.5 as a stop on a closing basis. Immediate target is 50 followed by 54-55. Final target is 64.
READY TO RACE💕Best Opportunity For Swing Traders💕
Level Mentioned On Chart.
After Consolidation Stock Is Ready For Go
Follow For More Updates @prasanna09
📌Key Highlights:
🔺BO On Weekly Time Frame.
🔺 4yrs.Trendline break on weekly .
🔺Vol. BO.
🔺Dyanamic Support and Resistance.
🔺Levels mentioned in chart.
Short Term - Long Position - BHELShort Term - Long Position - BHEL
Target Price: 54.60
Time Period: ~ 1 Week
Stop Loss: 49.50
