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Bheltechnicalanalysis

BHEL : Price action update 📊 Bharat Heavy Electricals Limited – UPDATE Timeframe: 1D Trend Structure: Impulsive uptrend with Wave-4 corrective phase Current Price Zone: ~₹263 Market Phase: Corrective pause after strong momentum rally 🔍 Big Picture Structure (What the Chart Is Telling Us) BHEL has already completed a strong impulsive move (Wave 1–3), followed by a healthy correction (Wave 4). This correction is time-consuming, not price-damaging, which is a bullish characteristic. 📘 Strong stocks correct sideways or shallow — weak stocks collapse. 🟦 Wave-4 Completion Zone: ₹243–267 (High-Probability Demand) This zone is crucial and not random. 🧠 Why price reacts here (Trading Psychology): Traders who missed the rally are waiting for a pullback to value Early buyers defend this zone to protect unrealised profits Short sellers start booking profits near prior breakout areas 👉 This creates a demand cluster, often leading to trend resumption 📌 That’s why this zone is marked as Correction Wave-4 completion area. 🔑 Key Levels & Their Psychological Importance 🟢 Support / Buy Zone: ₹243–267 • Prior consolidation + retracement value • Risk-reward becomes favorable for positional buyers 🔴 Invalidation / Stop-Loss: ₹194 • Deep retracement beyond acceptable Wave-4 limits • Below this, structure weakens and confidence breaks 📉 Below this level, buyers turn into sellers. 🔵 First Resistance / Target: ₹300–308 • Previous supply & liquidity zone • Swing traders book profits here • Causes temporary pullbacks 🟢 Breakout / Expansion Zone: ₹330–368 • Fresh highs attract momentum traders • Stop-losses of shorts fuel upside • Psychological FOMO zone 📈 New highs = emotional acceleration. 🔥 Extended Target: ₹345+ • Trend continuation zone • Only achievable if volume supports price 🟢 Bullish Scenario (Primary Probability) If price: Holds above ₹243–267 Shows stabilization or higher-low formation Then: First move toward ₹300–308 Break & sustain → ₹330–368 Momentum extension possible toward ₹345+ 📘 This is classic Wave-5 behavior after a healthy Wave-4 correction. 🔴 Bearish Risk Scenario (Low Probability but Important) If price: Breaks below ₹243 decisively Fails to reclaim support quickly Then: Selling pressure may increase Next major demand near ₹194 Structure becomes range-bound or corrective for longer 📉 This reflects loss of conviction, not trend reversal immediately. 🎓 Educational Takeaways (Very Important) Corrections are where wealth is built, not breakouts Strong stocks give second chances, weak ones don’t Levels work because traders remember pain & opportunity Price moves when crowd psychology aligns, not indicators 🧠 Why This Setup Is Educationally Powerful Zone Crowd Emotion Highs Greed & FOMO Pullback Hope & Fear Support zone Opportunity Breakdown Panic New highs Momentum chase 📘 Charts are a map of emotions, not lines. 🔮 Price Outlook (Educational Projection) Above ₹267: Bullish bias intact Above ₹308: Momentum resumes Above ₹330: Expansion phase begins Below ₹243: Patience required Below ₹194: Structure weakens 🧾 Conclusion BHEL is undergoing a textbook Wave-4 correction within a larger uptrend. The ₹243–267 zone is a make-or-break region that can define the next multi-week move. 📌 Strong trends pause to shake weak hands — not to reverse. ⚠️ Disclaimer This analysis is for educational purposes only. I am not a SEBI registered analyst. Markets involve risk, and I may be wrong. Please consult your financial advisor before making any trading or investment decisions.
NSE:BHELLong
by LiveTradingBox
Bhel - LongThis is a daily chart of BHEL. Earlier, the stock faced strong resistance at the marked level, where price failed to move higher in the past. When the price approached this area again, it broke above the resistance with a sharp upward move, showing strength and strong buying interest. After this breakout, the price is now trading above the resistance zone, which is a positive sign for the overall trend. The same resistance level has now turned into support. You can see that whenever the price comes down near this support area, buyers step in and the price holds above it. This shows that the breakout level is being respected and sellers are not able to push the stock back below this zone. As long as the price stays above this support, the trend remains bullish. One important point highlighted on the chart is that volumes are missing. After a strong breakout, ideally volumes should remain high to support further upside. Here, volumes have reduced during consolidation, which means aggressive buying is not visible at the moment. This does not make the structure weak, but it suggests that the next big move may need fresh volume confirmation. Looking at the MACD indicator, the earlier up move is followed by cooling momentum. The MACD lines are close to each other and trying to stabilize near the zero line. This indicates that selling pressure is reducing and momentum is trying to shift again. If MACD turns up along with an increase in volume, it can support another upward move. Overall, the chart shows a strong breakout structure with price holding above support, but volumes need to improve for a confident continuation. For learners, this is a good example of how breakout, support, volume behavior, and momentum should be read together before expecting the next move.
NSE:BHELLong
by PowerOfTA
1
BHEL#BHEL The company has just posted stellar earning this quarter, we have got a positive earning from the company after 5 consecutive negative earnings. The stock price of the company is still down 30 percent from its highs. I fundamentally believe in the sectors the company is working on and after strong financial result this quarter BHEL has turned a buy on dips for me. I had previously shared a long term investment analysis on BHEL, if you already have a position on BHEL higher than its price currently I would suggest averaging. BHEL still seems like a bullish investment opportunity for the future. Average at : 1) 230 2) Buy on every 5 to 10 percent dip. Nearest target of *330.
NSE:BHELLong
by SkyTradingZone
#BHEL trade idea setup (17/12/23)Greetings Folks, today I have prepared a setup of NSE:BHEL on NSE the analysis is as follows- - the price was on a good trend but is now starting to change the bias - with the recent failed breakout, its clear that price is not in full bullish mode - we are waiting for price to decide a bias in coming days - the price can go move sideways or give a proper light in its direction by breaking out either side - the market is very volatile, trade with light head don't play with fire, always use a predefined stoploss
NSE:BHEL
by profitpujari
BHEL ltd,.; min 30% Return ; right time to investFundamentally good stock, For long term investment. . . Entry: 102 target: 104 -119 - 130 sl: 97 major stoploss/ support: 87 . Enter only after breaking & close above " Yellow box" mentioned. Or else wait for some time. ' ;good for long term investment. ' ' Don't make complicated trade set-up.📈📉 Keep it " simple, focus on consistency 💹 Refer our old ideas for accuracy rate🧑‍💻 Valuable comments are welcomed-✌️ . refer old ideas attached below
NSE:BHELLong
by TheNuraTrading
3
BHEL Analysis(W Pattern)!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 trend. Trading Psychology and Setup = Entry = Entry will be between 80-82 Target = Target 1 will be 87.60 which is also a 1.618 fib level and will acts like a possible resistance and 2nd will be 95.50 Stop Loss = Below 76.75 Disclaimer = All my analysis are for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2) Do your own research and analysis 3) Define your Risk to Reward ratio 4)Don't trade with full capital
NSE:BHELLong
by Avinash9087
9
BHEL - BREAKOUT TRADEBhel 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 , Chintamani Disclaimer. I am not SEBI registered analyst. My studies are for educational & General purpose only. Please Consult your financial advisor if you have plans of trading or investing. You yourself hold sole responsibility of profits and your losses arising of above shared info
NSE:BHELLong
by Chintamoney
1
Bharat Heavy Electricals Ltd. (BHEL) Break Out Trade OpportunityDate : 6-Apr-2022 Rating: Buy LTP : Rs. 56.75 Target: Rs. 66-->80-->90 SL : 47 BHEL has given a break out from its secondary down trend within primary up tread as well as from its long term resistance level of 56 with increased volume. 7D EMA has crossed over 13D and 26D EMA. MACD cross over is already done and now its showing good strength for a bull run. RSI is at 65 and has shown positive convergence. Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.
NSE:BHELLong
by vikrant_252
A must buy opportunity in BHELLooking 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 expected from the current levels in the short time frame. When we look at the 1 week timeframe, it is clear that BHEL has given a breakout after crossing Rs 61. More than 20% returns can be expected in long term from BHEL. It can be bought now with a very small stoploss and the target being at the upper trendline of the channel pattern. NSE:BHEL
NSE:BHELLong
by StocksGyan