BHEL trade ideas
W pattern FormationBHEL
W pattern Formation At Daily Time Frame
BHEL is possibly forming a "double-bottom" pattern. A break above 63.15 and a closure above this level will confirm the bullish uptrend.
CMP@63.15
Target 1@69
Target 2@71.50
Long Bhel...High Probability SetupBhel
NSE:BHEL
Cmp - 62
Stop - Nil, keep adding in dips
Expectation -
T1 - 72
T2 - 90, Review at 90
Expected Holding Period - 3 months or earlier for T1, 5 months or earlier for T2
View:- Swing/Investment
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
SWING TRADE - BHARAT HEAVY ELECTRICALS (NSE : BHEL) - R:R @ 1:2Potential Opportunity as Swing Trade in NSE:BHEL
Risk : Reward - 1:2
Entry - 62.35
Stop Loss - 54.00
Target - 79.00
This is for Educational Purpose only, apply your prudence & consult your adviser before investing.
#nse #swingtrade #nifty #bhel
BHEL - POSITIONAL - BULLISH TREND REVERSAL BHEL find bullish trend reversal daily candle on yearly chart 1day timefram. stock corrected from 78-80 level to 50-55 and last few days consolidating around 55-60 level ..last trading session stock has given strong breakout on daily candle with good volume confirm trend-line and triangle breakout clearly seen on chart.
from current level CMP 62.65 as positional trade 10-20% upside can seen next 10-15 days time .
Bullish technical indicators .
1. trend-line and triangle breakout
2. Double bottom seen before breakout
3. volumn seen increase
4. RSI bullish
BUY BHEL cmp 62.65
TARGET 66-68-70
STOP LOSS 55
** Please do own study and analysis this idea can help you for same..tale call at own risk. !!
WISH YOU HAPPY TRADING. !!
BHEL what people see and what I see.so many people saw bhel today as a top gainer bur I saw a tringle pattern which gave a breakout so I think from this weak to upcoming weak you can easily see a upward movement in bhel.
SO I am a littile bullish on this stock because it was also in falling movement in previous candlles. I am in this stock and will be in it till it will not touches the target of 68 and above levels.
Also this is my own opinion and should not be taken as advice . do your research as well and comment me for any other thing you can see.
also you can see my previous ideas that worked today like grasim and aarti industries.
BHEL #TAView #OnlyEducationalgood support aken around 56-58. Trendline breaking with good volume, might see next level soon.
BHEL BHEL has given a breakout above its 200MA. A possible short term uptrend is possible if it breaks the downward trend line.
POINTS TO NOTE:
1. A strong BULLISH engulfing candle has given a breakout above 200MA. This strong breakout may result in a bullish uptrend but still, we have to wait for confirmation.
2. BHEL is possibly forming a "double-bottom" pattern. A break above 65.5 and a closure above this level will confirm the bullish uptrend.
3. If BHEL gives a breakout above the downward moving trend line then an initial target of 65.5 might be possible. The 65.5 levels will act as strong resistance and break above which will result in a bullish uptrend and failing to do so will drag BHEL to its strong support around 56-57 levels.
4. Daily RSI is showing positive divergence against the price.
5. MACD is hovering above the signal line but it is still below the Zero line. If the MACD cuts above the Zero line then a possible uptrend is on the table.
I recommend waiting for a while till the situation gets more clear.
THOSE ARE MY VIEWS AND ARE ONLY FOR KNOWLEDGE PURPOSES, PLEASE ACT WISELY.
BHEL Delivery Long / Momentum Trading Call Technically on the daily charts we see major support on the downside @ 56.50 levels, whereas minor resistance on the upside is capped around 61.30 level
If breaches minor resistance on the upside and closes above it for 15min, we may see fresh breakout and BHEL can Lead towards higher levels around 70/78.50 levels in Short Term .
Breaking out of the Falling Channel momentum should pick up.
Investors can accumulate the stock and add more if dips below 55 For Target 80 .
Will update Live Long entry here.
Follow me here to keep urself updated about the stock.
For Educational Purpose Only.
Regards,
MD.
Steady Growth in BHEL and will achieve 70 again in short termSteady Growth in BHEL and will achieve 70 again in short term
BHEL breakoutBHEL breakout and closed on above price of 60.
Buy for short term at current level of 60 with SL of 50 for Target 68, 72, 74.
BHEL Swing BHEL trend line breakout is expected.
buy above if rsi is above 50 and price above 62
SL-56
target1 - 66
target2 - 74
target3 - 80
bullish triangular pattern swing trade target given in chart
always intact with stop loss.
Before we go for a trade , don't think about profit , first decide an amount we can lose.
Don't hope for reverse & touch our break even or target
Take your stop loss & good to go for another potential trade .
BHEL current down trend in channel currentaly in down trend in channel and again at resustance level .. what nect .. some positive news .. observe movement learning abalysus
Rounding Bottom-Reversal in long-term price movementsBHEL, a midcap stock, technically formed an interesting price action. Looking at the monthly chart, you can see the rounding bottom. Rounding bottoms are found at the end of extended downward trends and signify a reversal in long-term price movements. If the price action were respectable, we could expect a multi-year break out. I'm hoping that any positive trigger from here will also ensure that the current range does not break. On the daily chart, there is a trend line. If that is broken with strength, it is good to add in to the long term portfolio.
BHEL is at strong support levelBHEL is at strong support level.
Look for buying opportunity at this level
BHELBharat Heavy Electricals Limited is an Indian government owned engineering and manufacturing enterprise based in New Delhi, India. It is under the ownership of Ministry of Heavy Industries, Government of India. Established in 1956, BHEL is India's largest power generation equipment manufacturer
