BHEL was in pure uptrend, its time to take long positions from here.
NSE: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 :...
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....
NSE:BHEL Observations: 1) On Daily Time Frame, we can see that it is failing to close above 56 level. Which is a critical resistance Zone. Also it has taken good reversal from 200DMA and now it is trading in between 21DMA and 50DMA. Please refer below chart : Daily time frame. 2)On 1hr Time Frame: It has been trading in Ascending channel pattern. ...
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,...
hello traders i forgot to say one thing which was the price might take support from the newly made supporting trendline thanks for watching
NSE: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...
NSE: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. ------------------------------------- Trade Setup for Date 20-08-2021: 1) Don't...
NSE: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...
as Technically Taking trendline support + Last Breakout retest zone known as support zone as well as in Green CMP 56.3
#86 (GENIE IDEAS): I will daily post intraday/swing/positional trading opportunities so u can analyse and get the most from it. if you like my analysis do like and follow me as a token of appreciation. And if you have any queries let me know. Leave a comment that is helpful or encouraging.
Looking at the daily chart of BHEL, you can see a simple price action pattern which is explained below. (OPEN CHART FOR DETAILED EXPLANATION) Firstly, it is visible that BHEL has given a brilliant bull trend from December'20. Presiding the uptrend, an accumulation phase can be seen and then a breakout form that phase caused the uptrend. Now, according to price...
An 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. ***** 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...
Things 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
Breakout 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...