BHEL trade ideas
Bullish Gartley Pattern Forming in BHELOnly for study purpose.
Swing traders can enter in between 50 & 52 with a stop loss of 48.
Before reaching D(price range of 50&52) point if price went up above point A(price 60) the above view will be invalid
Cup and handle breakout Targets: 70 75 80 Stop Loss 52Cup and handle breakout Targets: 70 75 80 Stop Loss 52
TRADING IS NOT AN OVERNIGHT AFFAIREverything explained in the chart. Intermediate cycle's wave 2 ended around 19 in Mar'20.It could not go further below as it was top of sub-wave 1 of {Precision of Mr Elliot-Salute to HIM}
'Then it started A-B-C CORRECTION (Upward) of that move which I believe have already been converted to IMPULSIVE WAVE III !! U NEVER CAN TIME IT EXACTLY RIGHT. But from now on R;R IS UNTHINKABLE. If we assume a 1.618 fib lev, tgt comes to more than 500. W H H H H O O P I N G !!!! Statutory Warning:- This is my personal opinion-not a trading recommendation. Also not for quick kicks.
Simple Trade Setup | BHEL | 23-09-2021NSE:BHEL
Observations:
1) On Daily time frame, It broke 21DMA but still below 50DMA. Breakout on 50DMA will give good upmove. So far 50 DMA is a resistance.
50DMA is placed at 57.61 on daily time frame.
Please refer below chart : Daily time frame.
2) On 15min time frame, today it broke the trendline and gave good upmove.
Please refer below chart : Daily time frame.
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Trade Setup for Date 23-09-2021:
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 respsective level considering how price action works near that level.
BHEL - perfect setup with optimal Risk & RewardSetup is looking really good in the current ticker.....also the risk vs reward is very lucrative ...the stock is respecting its support levels
BHEL Looks Very strong On Weekly Time Frame BHEL close above 50 EMA and Resistance , Looks Very Strong One can go Long Target is 62 Plus.
it will take 3 month or more to HIT the Target
Simple Trade Setup |BHEL | 20-09-2021 [ INTRADAY]NSE:BHEL
Observations:
1)On Daily Time frame: It has faced resistance from 50DMA. And stuck between 21DMA and 50DMA.
It closed just above critcal support zone now. critical support zone is 55.50-56.50.
There are two possibilities.
a) It has to bounce back from current level to go bullish again. or
b) If it breaks down 55.50 level then it will be bearish.
Please refer below chart : Daily time frame.
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Trade Setup for Date 20-09-2021:
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.
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.
Bhel - buy on dipsBuy from 56.4 to 56.2
easy target 58.8
positional tg - 61
Disclaimer : This is my personal analysis for study purpose not intended for trading
BHEL - 4 Years trendline Breakout This is perfect breakout of 4 years since 2017 and with a retracement of 5 months. Its a great time to invest in this script.
This is ready to fly till 79 for the first target
Thanks
Sagar
BHEL - BulishLooks like a turnaround
Risk to reward is great
Volumes are yet to come
so be cautious with quantities
BHEL going for weekly closing above 59 BHEL trendline retested ....now at monthly and weekly resistance ....if close above 59 than can go for long
BHEL LONGthis stock has taken a great support after a long time of consolidation at the trendline and aslo the previous candle was a bullish close over the 200ema , we can expect a good upside move in coming weeks.
BHEL 58 NinjaMoku Waves
NinjaMoku is a trend following system based on ichimoku , enabling us to take right entry & exits at decisive points in the trend. Ride The Trend with NInjaMoku !!!
Looking good for higher targets!Stock has finally given a Break Out after making a Strong Base at 54-55 levels. Keep these levels as CBSL, one can look for target 60/65/70 in coming days.
BHEL Swing tradeBHEL swing trade....
Trade with caution. Use appropriate Position sizing and manage your risk.
BHEL - Ascending Triangle - LongHi Friends,
Pranam!!!
We are going to analysis the BHEL Ltd !!!
The script was accumulation phase currently where the EMA200 was flat and script was trading above the EMA200.
The EMA50-EMA79 was turn to be dynamic resistance at 58-58.45
The support of the script was at 50 where as the resistance at 61, 71 and 78.
In weekly the script was taken the dynamic support at 50-52 range and currently the script was in the uptrend forming Higher highs and Higher Lows.
The stochastic RSI in daily and 2HR TF was in oversold range and in weekly TF it was in the overbought range.
MACD of daily and 2hr TF was in FLAT and in weekly the same was in the bearish side.
ATR Volatility in Daily and 2HR TF was in down whreas the in weekly it was very high.
CPR in daily TF was in the bearish bias and the CPR many act as resistance.
AT the support range, bullish reversal candlestick pattern of Engulfing was formed.
In 2hr TF, the script was forming in the ascending triangle pattern along with buildup at the resistance zone.
Based on the above we came to the conclusion that the script was in the bullish view.
Entry - CMP
SL - 52.20 - 1ATR of DTF. (for Long-term)
For Short term:
Entry: CMP
SL - 54-1ATR of 2HR
target - 61
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Simple Trade Setup | BHEL | 13-09-2021NSE:BHEL
Observations:
1) On Daily Time Frame, we can see that it is failing to close above 56 level. Which is a critical resistance Zone.
Also it has taken good reversal from 200DMA and now it is trading in between 21DMA and 50DMA.
Please refer below chart : Daily time frame.
2)On 1hr Time Frame: It has been trading in Ascending channel pattern.
Please refer below chart : 1hr time frame.
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Trade Setup for Date 13-09-2021:
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.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
P.S: Trade with Strick SL.
