Education Price Action analysis..Price action analysis
If stock near the support level and if it crosses EMA20 then it can give an impulse move..
SL 56.80
Entry above 62.95 on 15 min candle close
T1 65
T2 74
BHEL trade ideas
Bhel chart for shortterm (I'm new to technical analysis)I think it has taken support at 200 MA and now it probably going again up. My analysis is for the short-term and I may be wrong as I'm new to technical analysis. I have just seen support and resistance plotted the same on the chart. Please provide your comment on this view to improve it. In that way, I can also learn something new from that input.
BHELBHEL
Shortterm
testing the resistance multiple times
take entry after the breakout
levels are given in the chart
BHEL - Getting ready for Cup and Handle BreakoutBHEL looks good for long. It might give cup and handle break out and touch new highs. Any disinvestment news will make new 52 week high, so get ready for the rally.
BHEL WEEKLY CHARTBHEL TECHNICAL ANALYSIS
Weekly chart
50 SMA support Weekly chart
50 SMA Support Monthly chart
Weekly bullish candlesticks pattern
Fibo Support
BHEL Positional LongBHEL is beautifully bouncing on the Trend Line giving a good entry for a Swing Long.
Enter for a positional Trade
CMP: 60.5
T1: 68
T2: 71
SL: 55
BHEL: There and back again!BHEL has been taking support a its long-term trendline since Nov 2020. Yet another strong support has been 200DMA. The stock has yet again come at the confluence of the two supports and has shown reversal from here. Conditions are ideal for a long trade in this zone for the stock to go back to 79 with stop below 56 on closing basis.
BHEL Looking really good for SwingBHEL is looking really good for swing trade. As it is currently trading at support level supported by trendline and 200EMA.
Do your own research and analysis before taking any trade.
Follow for more ideas like this.
BHEL | One more swing opportunity supported by 200 EMA - 30%BHEL | One more swing opportunity supported by 200 EMA + Trendline Support - Potential for 30%
CMP : 59
SL : 54
Target : 78
1:4+ risk reward setup
We traded this stock few times, it is favorite stock for some of our friends :)
Symmetrical TriangleBHEL is forming a symmetrical triangle. It's in good support and might go up.
Disclaimer:
This is for educational purposes. Not a stock recommendation.
BHEL - Long1)Taking support in the upwards channel since the drop last year
2)Golden Cross in the weekly TF
BHEL - BulishHolding 200 MAs
Also at previous Resistance turned support area
Bullish engulfing day bar
Lack of volume remains a concern
Still buy on pull backs in hourly can happen till 59 is not breached
#Bhel cash : Support levels 58-60/50-52#Bhel cash
22.11.2021
Looks good support at 58-60
and 50-52
Cmp 60.05
BHEL : LONGBHEL : LONG,
CMP : 60.05
BUY AT : 58.90
SL : 55
TARGET : 65,68,72
for educational purpose only
Reversal from support
Possibility of a reversal from support
Initial targets 68 / 72
If it breaks above 75, upside momentum continues
BHEL, Double Top PatternAfter making a double top pattern BHEL is at previously strong support. The last time it broke the same support fall like anything. A good opportunity for Short side
BHEL WEEKLY TRENDLINE BREALOUT & RETESTStay long in bhel
trendline breakout and retest in weekly chart pattern .
holding min 5 years.
BHEL Inside Bar Formation (Break Out/Break In - Possible)#BHEL - Inside Bar Pattern - Formed on Daily Closing Basis
Break-Out & Break-In Pivots Mentioned in the Chart
Levels Mentioned in Chart
PS: Tech Analysis Only - Not a Recommendation for Trade
BHEL - VCPOn the verge of breaking VCP
Good RISK TO REWARD
Volume suggest the breakout will be a good ones
Tgts upto 80
Long BHEL above 80BHEL is making inverted head & shoulder pattern on daily time frame.
Also on weekly basis , inverted head & shoulder can be drawn (right shoulder with slight more deep due to volatility).
One can go long BHEL above 80 with target of 91, 105 ,120+. Stop loss can be at 63. Time frame 3 months.
RSI is favorable, MACD also becoming favorable. Price taking support on DEMA 9.
If earning comes out to be good then we can see BO on charts.
BHEL (Bharat Heavy Electrical)BHEL multi month breakout, every technical indicator is positive, good buying price 80 - 82.. ( plz buy after breakout and don't buy before breakout)
Bhel appears bright if market pushes up!! Tgt: 97.6Bhel appears bright f it sustains above 45 degree angle line and if market is positive then it will surely bounce to very good levels .. So, guys u can pick this stock for investment and trades ..
