buy trade in bhelbhel is shown big volume with large movement ....it is in a narrow range, which may break very soon....risk to reward is very fruitful
RR RATIO : 1:16
STOP LOSS : 52.7
TARGET : 114
BHEL trade ideas
Neutral to bullish as per charts, Bhel is bullish to neutral, as in monthly charts it is broken monthly trendline but can it sustain, if yes then definitely bullish but till then it is neutral.
short possibilities in near future for BHELMay or maynot be right, but fully dependent on patterns. BHEL seems to be in HEAD and SHOULDER pattern in 15 mins chart.
Not a sebi regulated, only for educational purpose
BHEL good structure breakout with improved financials Consistent profit and disinvestment will hit bhel to the 120!
BHEL short opportunityB.H.E.L moving parallel channels
JUST CROSSED 200 M.A. downwards
with an macd crossover
high last selling volume
NSE:BHEL
Can stay long on Bhel a value buyingThe stock is trading around 50% dic can be a good stock for swing and long term
Projected target🎯 can be T1:58 t2:- 64
BHEL Three points i would like to bring to everyone's notice with which one can confidently ride a stock.
In chart three are three signals that make it eligible to buy.
1. Dragon fly Doji at support near channel
2. It is followed by three white soldiers which is again bullish continuation pattern
3. Trendline breakout as described by slanting line.
Any closing above 57 level will add more confirmation to trend.
BHEL StudyThe stock has made dragon fly doji at support which is trend reversal signal.
It is followed by three white soldiers which is again bullish continuation pattern.
The stock has given trendline breakout.
Any closing above horizontal line .i.e 57 level gives more bullish continuation signal.
Falling wedge pattern in BHEL.Stock Name: BHEL
Chart Pattern: Falling wedge pattern
Time Frame: 1D
Breakout Entry : @53-54+
Breakout Target : 70+
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
BHEL - Long Idea - Re-entering for Target of 82Scrip - BHEL
Setup : Start of Second Wave (Elliott Wave) for a Target of 82.
Stoploss : 63. (I will be adding more to my position in case market crashes and will accumulate this stock at lower levels)
Please be note, this is the first time I am publishing an idea following Elliott wave to see the viability of the concept and testing my understanding.
I had earlier published a Trade on BHEL and that was successfully closed with good return of 25% profits @75. This is a re-entry in the stock.
Please use your own judgement and analysis and trade as per your risk and knowledge.
I am not a SEBI registered Analysts or Financial Advisor. Please trade as per your risk profile.
WILL START GENERATING POWER!!This is the time to accumulate long-term wealth. expecting it to deliver even in the short term. deserves serious attention.
note- views are personal. do your own diligence.
Positional or Longterm Opportunity in BHELGo Long above 45.85 for Targets of 50.3, 54.75, and 59.2, with SL 41.4
Reasons to go Long :
1. On a Weekly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support from the 0.618 Fibonacci level.
2. Also a bullish candlestick pattern Bullish Hammer (marked with orange color) is formed around 0.5 Fibonacci level.
3. In addition to this there is a strong demand zone (marked with purple color), from which the stock initially faced resistance but now is taking support and moving up.
BHEL- Positive after ~ 50% correction 1. ~50% correction seen from 52 week high.
2. Trading in a narrow range of 47 to 56
3. Lowest PE of 37 amongst its peers (but PSU)
4. Low price to book book value (less than 1)
5. Debt free
Strategy - SIP form investing is recommended in this stock given the current market condition.
BHEL: Moving Average Play
Similar to Nifty view and trading strategy, BHEL can be looked at from Moving Average angle.
- stock is trading above 20 day EMA and
- today has managed to closed above it's 50 day EMA
Based on Moving Average play, Short term target potential: test of 200 day EMA (around 54.8 to 55.05)
Closing above that could open doors for further up movement towards 58.2 / 61.50
__________________________________________________________________________
F&O trading strategy
Given the set up, One may consider to sell 30 June expiry 50 Put option
__________________________________________________________________________
SL for Equity as well as F&O trade: if BHEL closes below 50 on daily charts
Set up provides good Risk::Reward ratio to go long
Take care & safe trading...!!!
Like, Follow for more such trading ideas
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Likely to breakout parallel channel
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
BHEL COMING TO POSSIBLE BREAKOUT #BHELLooking like that bhel is coming for possible brerakot, although standing at on good demand zones
please like and follow
regards
BHEL at Resistance LineBHEL is @ resistance line and if it gives a signal of breakout in upside then we can trade.
PS. This is for educational purpose only.
BHEL buying chart buy the 3rd time brake at trend line brake
4hours candle brake above the trend line than having an buying entery
BHEL- Swing TradeBHEL
Buy-Above 54
Sl-50
T-60 66
The stock has made a base and is ready at to breakout.
