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 trade ideas
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.
BHEL pre-market intraday analysis and setup🎇Hello Traders👋
Today i have made a post on BHEL 15m
I hope you find this post helpful and informative👍
The targets and stoploss would be given in the charts or they would be according to pivot points
Thank You
—DISCLAIMER—
I am not a SEBI registered financial advisor
Please consider your consultant's advise a must , all the setups posted here will be considered as informative and educational post
I shall not be responsible for your profits and losses
BHEL Swing TradeBHEL has given spectacular returns of 280+% in the past 1.5 year and is still looking good for the upcoming months.
It's currently facing resistance from a critical level and a breakout can be seen in the upcoming weeks providing a good swing trade.
Levels:
Entry = Rs 83
Target 1 = Rs 90.20 (~08.5%)
Target 2 = Rs 105.7 (~27.1%)
Target 3 = Rs 120.8 (~45.3%)
Target 4 = Rs 132.1 (~58.9%)
Target 5 = Rs 144.4 (~74.9%)
Note: There is a possibility that the price may retest and take support from T2 or T1 before giving a breakout.
Can go long above 57 for target 65-70Can go long above 57 for target 65-70
Keep Sl : 51
It is an positional idea
Bhel- Ready for New 52 Week High???BHEL has been a Underperformer in Whole Power Index, Breakout above 57 With Volumes May Lead to Outperformance.
BREAKOUT STRATEGYit is seen that it will breakout soon at bpcl soon be breakout for more ideas follow me
Bhel is at support.Disclaimer :- This is not any buy or sell recommendation. It is just my view on this counter. Kindly consult with your financial or investment advisor before investing.
Bhel has taken a support on weekly chart at 50 sma and 50% Fibbonacci retracement has been done. Stocastic rsi is giving support also. Support level is around 48. And upper levels are 60, 65, 75, 80 Respectively.
Bhel can give good moveBhel is in its Support zone. Levels are given on chart.
Can give good move above 57.
BHEL Short IdeaBHEL has retraced ~60% from 52 week high. Very good chance it may reverse from 57. It's ascending broadening wedge pattern.
My view is bearish in this scrip until it crosses 60. Above 60 I am bullish.
BHELLooks like an inverted Head & Shoulder breakout on a weekly timeframe. Targets mentioned in the chart. 64, 72, 99.
BHEL Chart set up and viewBHEL
CMP 53.95
Observations
- stock has done a 76.4% retracement
- 200 day EMA around 53
- stock near trendline (which may act as support)
given the set up one may consider to accumulate stock from medium to long term perspective ( at cmp and on further dips )
momentum / short term players may consider buying if closing is above 57 for target of 62 / 65
______________________________________________________________________________________
F&O strategy Suggested : Bull Put Spread strategy
One may consider
Sell 50 Put option around 1.25 and
Buy 45 Put option around 0.30
Lot size 10500
Net receivables Rs 9975/- per strategy lot (yield potential 14.5% approximately)
Loss in strategy if BHEL closes below 49.05 on 30 September
Take care & safe trading....!!!!
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
BHEL GOOD OPPORTUNITY REVERSAL SETUPhello traders
i forgot to say one thing which was the price might take support from the newly made supporting trendline
thanks for watching
BHEL TO BUY FOR MEDIUM TO LONG TERM Bhel is a good stock to invest.Well,Elliott wave shows it is currently performing it's 3rd corrective wave. and Target will be around 120 for medium to long term.
Bhel Long ideaBhel has been in down trend for long time.
now showing some reversal from bottom. Likely to give strong rebound now.
Simple Trade Setup | BHEL | 27-08-2021NSE:BHEL
Trade Setup for Date 27-08-2021:
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 tomorrow.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
