BHEL
NSE:BHEL
Cmp - 53
Stop - Nil, Add more on relevant dips
Expectation -
T1 - 100
T2 - Open, Review at 100
Expected Holding Period - 8 months or earlier for T1
Technicals - ✅
Fundamentals - ✅
View:- Investment
Disclaimer:-
Ideas being shared only for educational purpose
Please do your own research or consult your financial advisor before investing
BHEL is above 50 week EMA and on a daily chart price has crossed 20 and 50EMA. There is potential upside off reaching 70 to 75 before this month
Enter: 64
SL: 60
Exit or Next tranche : 72
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TECHNICAL ANALYSIS OF NSE:BHEL
The LAST CLOSE PRICE of NSE: BHEL is 6035 . The PARABOLIC SAR is showing the BUY SIGNAL with TREND as UPTREND . The FIBONACCI LEVELS analysis shows that the CLOSEST FIBONACCI LEVELS is 0.382 at the FIBONACCI STOCK PRICE LEVEL of 62.8 . From here, the Key Support and Resistance levels are SUPPORT 1 at ...
Stock Brokeout forming a cup & handle along with a good volumes!!
Good time to pickup for a swing trade...can give 10 -15 % returns in short time.
Strong support from 50 ema levels.
This sector is also in the buzz it works in both electrical & machinary.
As we can see that there was a bear trend in the chart creating LL and LH. But, the trendline is broke giving a breakout in the bear trend. Chat retested the bear trendline and was at major weekly resistance. But today (i.e. 28th September 2021) it gave a closing above 60, giving confirmation for the bull trend.
For education purposes only.
Not a SEBI registered...
Only 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
