BHEL Analysis Weekly Timeframe
Flag and Pole Pattern in BHEL
Flag Breakout in BHEL
Bullish view on BHEL
Projected Target = 165.80
Stop Loss = Below 67.95
BHEL Daily Analysis/b]
Double Bottom (W) Pattern formation in BHEL
Will it move as per Double Bottom Pattern Analysis? Will See!!
BHEL has made double bottom pattern on Daily Timeframe and also it has given neckline breakout 79.85 with good volume and successfully able to close above it. BHEL is trading above 50 EMA which is also a confirmation of bullish...
BHEL is in good uptrend.
it is forming an ascending triangle pattern with higher lows which is good sign of an uptrend!
Long opportunities can be seen at the levels of 84-85 if this level breaks further upside can be seen in the stock!
do keep this stock in your watchlist
if the ascending triangle is broken on the downside trend is assumed to be reversed.
Bharat Heavy Electricals Ltd. (BHEL) break out level
Nomura on BHEL | Nomura maintains neutral on the shares of Bharat Heavy Electricals with a target price of Rs 65
Buy above 60. Next target 61.75, 63,65
Volume and momentum increased in BHEL
Thank you
Bhel NSE:BHEL
Trading at monthly high and also breaking above trendline resistance zone it seems this stock has potential to retrace back to old highs . Buying can be done with stop loss
Do Comment , share and "LIKE" if you find this info valuable to use . Believe me it takes lot of time to visualize the market before the opening bell :)
Happy Hunting...
Looking 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...
BHEL looks good for long. It might give cup and handle break out and touch new highs. Any disinvestment news will make new 52 week high, so get ready for the rally.
BHEL is looking really good for swing trade. As it is currently trading at support level supported by trendline and 200EMA.
Do your own research and analysis before taking any trade.
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