Bullish NSE:BHELBuy = 70.75
SL = 64.15
Target 1 = 83.95
Target 2 = 90.55
12/10/2021
Bullish NSE:BHEL-->Bharat Heavy Electricals Limited
Buy for short term
Show your support to me by sharing only 1% of your profit at tradewithanusha@sbi
BHEL trade ideas
Good to Go LONG!!BHEL is forming a MORNING STAR pattern on DAILY timeframe.
One can look into it for a long term investing or Swing trade.
Even Volumes are increasing in it.
Strong Buy - BHELOne can buy BHEL at every dip.....invest as SIP....This can go till 120-150+++ levels....
Educational Price Action AnalysisPrice Action Analysis - If BHEL not only give the BO of Symmetrical Triangle but also above major resistance then it can go to T1. This BO may generate thrust of fresh buy..
Bhel Cup & HandelBhel Cup & Handel breckout possible + Adani And Tata want to takeover bhel At 150 Rs per share + Bhel Book Value is 74+
BHEL | Trendline support - Risky opportunity - Potentially 30%BHEL | Trendline support - Risky opportunity - Potentially 30%
CMP : 54
SL : 48
Target : 72
1:3 risk reward setup
We already made excellent trade earlier in this stock. Now it is second opporunity.
Cup and Handle breakout pending in BHELThere seems to ba Cup and Handle breakout pending in BHEL on weekly charts.
RSI is cooling down.
Voluma on the buy side is high while low on the sellers side.
#BHEL#DEMANDZONE#SUPPORTBhel traded at 39 a good demand zone support zone stated at 36.40, this is good level to enter with SL 34.30 with RR 1:2
Simple Trade Setup | BHEL | 21-10-2021 [ INTRADAY]NSE:BHEL
Observations:
1) On 1 day time frame, if we apply FIB RETRACEMENT then we can see that it has taken good reversal from 61.80% level range.
Breakout of 73.75 will give good up move. Safest buy trade entry on sustainable breakout of 76.25 level range.
Please refer below chart : 1day Time Frame.
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Trade Setup for Date 21-10-2021:
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 respective level considering how price action works near that level.
BHEL broadening channel *for educational purpose only.it' not a recommendation. please trade at your own risk.
for more details refer chart.
BHELAll My Discussion And Analysis Are For Educational Purpose And Future References. Please Kindly Ask Or Consult Your Financial Adviser Before Taking Any Investment Or Trading. Thanks //
BHEL ANALYSISBHEL cmp 74.15 on 17-10-2021
SELLING ZONE 75.70 - 77.65
BUYING ZONE 66.65 - 71.75
ACTIONS
1). OPENS GAP UP
A). FOR BUYING wait till 10.30 am once 5 min candle crossed above day high till 10.30 am then Buy with sl day low till 10.30 am OTHERWISE IGNORE
B). FOR SELLING wait 10.30 am once 5min candle crossed below previous day low Sell with sl Day High for the tgt of 71.80 then 66.80.
2). OPENS GAP DOWN
A). FOR BUYING wait till 10.30 am once 5 min candle crossed above day high till 10.30 am then Buy with sl day low till 10.30 am OTHERWISE IGNORE
B). FOR SELLING wait 10.30 am once 5min candle crossed below day low sell with sl Day High for the tgt of 71.80 then 66.80.
Simple Trade Setup | BHEL | 18-10-2021 [ INTRADAY]NSE:BHEL
I am posting this on request from one of the follower.
Observations:
1) On 1 day time frame, 14-10-2021 candle is a profit booking candle. On 18-10-2021, if it breaks the low of this candle and keep trading below then it will continue the profit booking.
But if it trades above and takes support from low then it will be bullish again.
Major resistance is at 78 level. Breakout of it will lead it to next resistance of 80.50.
Please refer below chart : 1day Time Frame.
2) On 15 min time frame, if we apply FIB RETRACEMENT, then we can see that it is above 38.20% level of FIB RETRACEMENT.
Also we can see formation of bullish flag and pole pattern.
Please refer below chart : 15min Time Frame.
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Trade Setup for Date 18-10-2021:
Most of the levels will remains the same as per previous setup.
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 respective level considering how price action works near that level.
BHEL - Long Idea - Positional Trade - Target 70Scrip Name: BHEL
Setup - Taking support from 200 DMA in Uptrend
Entry - 55 - 60
Stop Loss - 51
Target - 70
Time Frame - 2-3 Months
Currently the company is reporting losses from last 6 Quarters and falls in bit risky trade. So please have your checks and balances.
Please trade based on your risk profile and analysis and Have strict stoploss in place.
BHEL gap up coveringBHEL looks like it might cover up the gap on a short term and give around good returns in short term. T1 78, T2 82. I am not a sebi registered trader and the analysis is purely mine and for educational purposes only.
bhel possibility of 68-70 area??bhel in down trend in parallel channel..??
will it b.o..
but before this in shorterm will it go up to 68-90
as per small pattern??
bhel monthly downtrend will it break or continuea current trend view drawn for observation.
decide on ur own for up or down move.
Buy BHELBuy BHEL at CMP also, it had taken support from up-trendline and then RSI and MACD have also given confirmation for stock up-movement. Now it has entered into Ichimoku cloud. You can buy at CMP for the target of 80 or ATH
BHEL BIG MOVE SOONBel is expected to give a good move soon. Cup and handle pattern trying to give a breakout with good volumes.
