taking support at recent low and moving upsideexpecting a good rally in coming session since it is good support at recent low.
expecting 5% rally from CMP
BHEL trade ideas
ASCENDING TRIANGLE IN BHELSwing trade set-up on DTF with ascending triangle pattern.
Entry: 325
Target : 368
SL : 302
BHEL Monthly view on BHEL for knowledge & info
If it crosses 52week High & monthly trendline also. It is ready to go 100 & above.
SL - stop loss
T1 - Target
W - weekly resistance/support
ATH - All time high
BHEL 1HRINTRADAY TRADE
- EARN WITH ME DAILY 10K-20K –
BHEL Looking good for upside..
When it break level 311.05 and sustain.. it will go upside...
BUY@ 311.05
Target
1st 317
2nd 323
FUTURE AND OPTION
BHEL JUL FUT – LOT 4 (Qty-10500)
BHEL JUL 295 CE – LOT 1 (Qty-2625) – PRICE (23.2)
Enjoy trading traders.. Keep add this STOCK in your watch list..
Big Investor are welcome..
BHEL BULLISH BREAKOUTIts a bullish Flag breakout. Breakout is happened after a long consolidation with huge volume.
[Swing Trade]BHEL 318Does the 1hr BO of BHEL take it to ATH? I see some strong momentum in this counter. What are your views?
DYOR before you invest
Rising Wedge pattern breakout in BHELBHARAT HEAVY ELECTRICALS LTD
Key highlights: 💡⚡
✅On 1 Hour Time Frame Stock Showing Breakout of Rising Wedge Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 308+.
✅Can Go Long in this Stock by placing a stop loss below 295-.
Buying zone is good also got a bulk order from adani portStock is ready to move after getting bulk orders from adani port. after the correction the stock is good to consider
BHEL was in sideways trend last week Stocks to Keep in Radar for Next Week
⏩ SBIN
⏩ NMDC
⏩ BHEL
⏩ DLF
BHEL is in corrective moce after making recenrt highs
If sustains above 300 level, it may try to test recent highs
However in case of Bearish pattern at higher level, it may come back to prev week's range
Important downside support is around 280 & then 270 level
whereas upside hurdle is aroud 320 level
*Election Results can create Volatility in the Maket
Keep Tracking Charts
*For Educational Purpose
Learn & Practice Price Action setups
BHEL Analyasis on 05 Apr 24BHEL Analyasis on 05 Apr 24
Fundamentally strong stock
Promoter holding 63%
FII Holding 7%
Golden cross in monthly timeframe
Try to buy on dip till 200
Cup and handle pattern formation
Stoploss 180
Deepstoploss 140
Target 260 - 280 -300 - 320 - 330 - 350
Cup and handle Target 380
Bhel- Traders Trap at 275 on 4th March 2024 ( Wave Story)Disclaimer:
Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell.
WaveTalks - Market Whispers!, can you hear them
Elliott Wave Analysis Insight
January 30, 2024: 230's to 240's
At the start of the year, BHEL's stock was trading between the 230's and 240's. Investors were cautioned about limited upside potential, especially below the 235 mark. It was predicted that the stock might regress towards the crucial level of 200.
Last Published on 30th Jan 2024
February 13, 2024: Lows of 200
True to the caution, on February 13, 2024, the stock descended to the lows of 200, sparking concerns among investors. However, BHEL managed to maintain its position above 200, offering hope for a potential recovery. A note of caution lingered - any decline below 200 could lead to a deeper plunge towards 165 & 113-120 support zone.
End of February 2024: Triangular Correction Completed
By the end of February, BHEL completed a triangular correction in its ongoing wave sequence. Despite this, caution prevailed as it was observed that Wave-E was truncated, setting the stage for a sharp rally.
March 4, 2024: Surge to 275.85
On March 4, 2024, BHEL's stock surged to 275.85, trapping traders on upside. However, the warning remained clear - maintaining above 200 it can push upside in 225-240's, while breaching 200 spelled trouble, leading to a slip towards 165 and the critical support zone of 113-120.
Post-March 5, 2024: Decline towards 206
Post-March 5, 2024, the stock experienced a decline towards 206, approaching the key support level of 200 in a an impulsive manner.
The familiar tale repeated itself - maintaining above 200 hinted at a potential upswing towards 225-240's, repeating same thing again & again.
while breaching 200 will trouble, leading to a slip towards 165 and the critical support zone of 113-120.
And so, the tale of BHEL continued, with its fluctuations and uncertainties.
From
WaveTalks
(Market Whispers!, Can you hear them)
Abhishek
Wishing you a Happy Holi-day! 🎉
BHEL: High Return Idea upto 52%BHEL is moving higher in impulse trend.
The Trend for BHEL is positive and the best of the trend is behind us.
Prices are currently moving in the form of wave 4 retracement.
Time cycle are the crucial areas of reversal and for Bhel it is due on 25th march.
So the up move has still more room to cover and we can expect the stock to reach towards the level of 300/320+ in the form of wave 5 by next 4/5 months.
Over short term dips can be used as accumulating opportunity with 200 as immediate support with a stop below 170 on weekly closing basis.
BHELBHEL
This stock has been showing strength past few days and if it sustains levels between 302 and 306 than it can see levels of 325 and 358 on the upside.
Can place stoploss at 285 and enter it for further upside.
BHEL possible breakout on Monthly Channel - long for 360++BHEL monthly chart...possibility of a falling channel breakout....if it sustains then expect 360 to 390 in medium term...215 should sustain for this to happen
BHEL projection for coming days(09-04-2024I have analyzed the recent price and trend based on that i am projecting the future price. I have also considered the recent all time high. At the recent all time high it resist a bit but it will shoot up. SL is redline.
BHEL given buy at 250-251 ytd hold it for 270 Target On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Positional trade buy BHEL Target 274 cmp 250 SL 240On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Education purpose only - BHELSee the strength in trend indicator..is it saying that stock can blast anytime... or something else...
Smart money concept After BOS, it created new Higher high without retesting. So, market will collect all the inbetween liquidity and it will start moving forward. Fresh buyer can enter at the buy area level. This is for educational purposes only.
bhel buyBuy at cmp
east tg - 238
tg2 - 242
Not suggested Disclaimer : This is my personal analysis for study purpose not intended for trading.
