Simple Trade Setup | BHEL | 11-10-2021 [ INTRADAY & POSITIONAL]NSE:BHEL
Observations:
1) On weekly time frame, we can see that it took support from 21 MA and maintained to close above critical level of 65.
Please refer below chart : Weekly Time Frame.
2) On 1 day time frame, we can see that it took support from 10DMA and maintained to close above critical level of 65.
Please refer below chart : 1day Time Frame.
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For Positional buy trade better to enter, once it give sustainable breakout of 67.50 level. With SL of 62.50 and Target of 82 for short to mid term.
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Trade Setup for Date 11-10-2021:
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.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respsective level considering how price action works near that level.
Bheltechnicalanalysis
LONG BHELBHEL
NSE:BHEL
Cmp - 53
Stop - Nil, Add more on relevant dips
Expectation -
T1 - 100
T2 - Open, Review at 100
Expected Holding Period - 8 months or earlier for T1
Technicals - ✅
Fundamentals - ✅
View:- Investment
Disclaimer:-
Ideas being shared only for educational purpose
Please do your own research or consult your financial advisor before investing
Simple Trade Setup | BHEL | 23-09-2021NSE: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 : Daily time frame.
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Trade Setup for Date 23-09-2021:
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.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respsective level considering how price action works near that level.
Simple Trade Setup |BHEL | 20-09-2021 [ INTRADAY]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.
Please refer below chart : Daily time frame.
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Trade Setup for Date 20-09-2021:
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.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL.
Simple Trade Setup | BHEL | 13-09-2021NSE: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.
Please refer below chart : 1hr time frame.
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Trade Setup for Date 13-09-2021:
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.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
P.S: Trade with Strick SL.
BHEL pre-market intraday analysis and setup🎇Hello Traders👋
Today i have made a post on BHEL 15m
I hope you find this post helpful and informative👍
The targets and stoploss would be given in the charts or they would be according to pivot points
Thank You
—DISCLAIMER—
I am not a SEBI registered financial advisor
Please consider your consultant's advise a must , all the setups posted here will be considered as informative and educational post
I shall not be responsible for your profits and losses
Simple Trade Setup | BHEL | 27-08-2021NSE: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 refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Simple Trade Setup | BHEL | 20-08-2021NSE: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.
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Trade Setup for Date 20-08-2021:
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 target w.r.t price action working near that level tomorrow.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Simple Trade Setup | BHEL | 09-08-2021NSE: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 suggestion.
My personal view is to wait for Monday to see how price action work and then jump in to the trade on either side.
BHEL Monthly Time Frame AnalysisBHEL Monthly Time Frame Analysis
Everything is written on the charts to summarise it
- Price broke out of Multi-Year Bearish trendline
- If a company start performing good can be a good multi-bagger again as it ATH around 2007
- Minor Red Rectangle is Minor Resistances
- Right now moving in an upward channel
-Next TGT 100
- Or it would just fall to major support again
Let see How it goes
*Not an investment idea just my views*
*If you need analysis for any equities feel free to leave me a comment*
BHEL new trendBreakout of 50 will create new highs, short term target going till 76.
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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.
Disclaimer - This post is for educational purpose only. Please consult your financial advisor before taking any position.