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...
BEL has formed Reverse Head & Shoulder Pattern. Can be added at current level around 104 with target of 112 and set SL at 102. This gives us risk to reward ration of 2.28.
This idea is only for education purpose, Please consult your financial advisor.
I am not SEBI registered.
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
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
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Hello, bhel mid-term swing trade buy: 52 targets: 59.50/66 stoploss: 48.80.
LOGIC BEHIND TRADE: Stock has formed W pattern on 1D chart & given breakout of dynamic trendline resistance & static resistance pull back buying strategy, (targets identified from harmonic xabcd pattern level 0.886/1.272) stoploss is taken previous swing low. Stock looks soild for mid...
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 has been taking support a its long-term trendline since Nov 2020. Yet another strong support has been 200DMA. The stock has yet again come at the confluence of the two supports and has shown reversal from here. Conditions are ideal for a long trade in this zone for the stock to go back to 79 with stop below 56 on closing basis.
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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1) On 1 day time frame, if we apply FIB RETRACEMENT then we can see that it has taken good reversal from 61.80% level range.
Breakout of 73.75 will give good up move. Safest buy trade entry on sustainable breakout of 76.25 level range.
Please refer below chart : 1day Time Frame.