Has posted stellar Quarterly result but stock went down due to technical resistance. It's very likely to breakout the parallel channel this time. Keep SL below 48 , for target 57/64 in June'22 series. #BHEL #Postionalview #learning
Stay long in bhel trendline breakout and retest in weekly chart pattern . holding min 5 years.
BHEL was in a consolidation for almost one month after an impressive up rally. The price gave an upward breakout to the consolidation on a daily candle on 7th June 2021 and closed at Rs.77. The breakout was supported by increased volume. I anticipate the price target of Rs.106 in 12-16 daily candles. I suggest the stop loss at Rs.74. The expected risk-reward ratio...
PSU stocks have started moving. Very good and safe bet.
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A clear break-out on the Weekly chart portends a long-term uptrend in BHEL. While it is a perpetual laggard, and not a particularly healthy (financially speaking!) company, it offers a good opportunity to accumulate for the medium to long term. It will be interesting to track, particularly with a focus on whether this break-out is indeed sustainable - key...
BHEL has closed above its previous 8 weeks with very convincing volumes. If we are to go by the 4-week rule, this could be a great opportunity to go long. Good strength in the stock. Please like and follow. NSE:BHEL
Wait for breakout. Enter at retracement. Only enter if candle is bullish. (TRADE AT YOUR OWN RISK)
BHEL is on its common support resistance position, there is chance for either uptrend or downtrend,also a chance for a sideways trend. Keep waiting and if it cross his point to up, chance for a uptrend or there is chance a downtrend.
BHEL - expected to get short High Volume - Decreasing Price --> Bearish
BHEL making higher highs and higher lows, and Impulse wave 2nd completing. Will start 3rd wave upwards.
BHEL 4 HOUR WOLFE WAVE SELL SETUP BHEL SELL NEAR 57.70 WITH STOPLOSS 61.30 TAKE PROFIT 52.70 AND 48.70 NOTE : BHEL CURRENT HIGH 61.30 STRONG RESISTANCE THAT POINT BELLOW IS SAFE SELL