BHEL trade ideas
Candle Pattern Formation In BHEL , Possible Reversal !The daily candy chart of BHEL shows a Bullish Harami candle formation near a support / demand zone . The yellow highlighted box has three candles , the small green candle or the child candle after the first red candle is the bullish harami candle. There has to be a continuous downtrend in the stock and then a small green candle within the previous red candle, makes the sellers nervous and then we may see a reversal and up move after the bullish harami candle. The buyers come back into action once they see a bullish harami post a downtrend. The bullish haram in BHEL has formed near a crucial support or demand zone , this gives a double confirmation of a possible up move and we see on today's daily chart that price has moved up confirming the reversal !
bhel breakoutforming triangle pattern , keeping eye on this, can give good move after consolidation....
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BHEL retest ready for upside move Bhel after doing a good rally has come back to test its level and retested its level .
Proper chanel pettern breakout and retest.
Proper support taken in daily timeframe .
we can expect upside move .
It can turn out to be a good swing trade .
It is for educational purpose I'm not any expert .
ENTRY ON LOW, EXIT ON HIGH, FOR INTRADAYINTRADAY
ENTRY 65-66
TARGET 70-72
(DEPENDS ON OPEN PRICE
IF IT IS OPEN BELOW CMP TAKE BUY
IF IT IS OPEN ABOVE CMP TAKE SELL)
DISCLIAMER : ONLY FOR EDUCATIONAL PURPOSE
An Professional Out Look ( Long term Forecast) Using Noiseless chart can Help you to identify the Long term trend direction and its depth
One who are in the position can look to book based on their convenient use buy back method to reenter and take the advantage of Long term Goal
Good luck
BHEL: A probable trade#BHEL
Breakout from resistance with volumes.
Buy at CMP or retest of 75 level.
Buy in dips till 71.
Targets marked out in purple.
Time frame 1-2 months.
Stoploss (conservative) 66.
Disclaimer: I am not SEBI registered. Personal opinion and charts that I share are for educational purpose only. Not recommendations.
BHEL - broke and sustaining important weekly level of 57.15BHEL - broke and sustaining important weekly level of 57.15, Good volume also seen on daily chart
Entry – CMP or around 60 (if Pull back happens)
Stop loss – 50.35 (Trailing Stop 58.7 after Price gives a run up)
Target 1 - 103.45
Target 2 - 195.7
Duration - 2-4years
Small resistance around 59.6 (Crossed and Sustained)
Strict Trailing Stop loss will be required for this stock, going forward.
All numbers are *weekly*based
Company is engaged in custom equipment manufacturing.
Co has lost lots of contacts in past hence same is trading at very cheap discount.
PB - 0.82x
Debt - 0.18x
Since Co is struggling in their top line there bottom line has also struggled.
This is pure technical call. If stock managed to cross the mentioned level then a lot of upside is possible.
Volume Accumulation is seen in last 9-10 months.
Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.
long BHEL at 67.40 for short term gains.Hammer candle is built on intraday charts with a prior bullish pattern with a gap down opening.
long at 67.4 with an immediate target of 79 with a stoploss of 63
Mean while , for long term , take long position on 67.4 ,with stoploss of 63 and target of 123.A spinning top candle is built on monthly charts suggesting bullish trend.
BHEL LongBHEL Long
Flag pattern breakout
Buy at CMP- 76.2
SL- 72
Target- 82, 86, 94
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
BHEL - A risk reward tradeBHEL is expected to announce it's quarter results today.. The stock opened gap down in the morning by over 10% and is still trading negative but the current close is much above the low of the day made. Should the results be favorable, the stock can fill the gap and give some nice move up. The low of the day tested the 50% Fib retracement level and has bounced off from there..
Retest/Backtest Levels after the breakout in BHEL.after a range/ flag breakout a good bull showed by BHEL. may show some consolidation in this zone of 66.75-75.50. either you can buy at support or you can enter in the trade after the breakout which is 1D candle closing above 75.50 level. if manages to break 66.75 level may show 61-60 level downside. the probable path is shown on the chart.
RISK MANAGEMENT SHOWN IN THE CHART WILL BE TOTALLY ON YOUR RESPONSIBILITY AS IT JUST MY SUGGESTION/ADVICE.
THIS VIEW OF MINE IS PURELY BASED ON TECHNICAL CHART, BEWARE OF NEWS AND OTHER FACTORS.
BHEL is in retestBHEL is in retest . Markings on charts explains the breakout and possible retest zone
My swing picksBhel breaks , multi year trend line and a small upside parallel channel . Now it's ready to next rally
BHEL - Flag Pattern - Parallel Channel Breakout - LongHi Guys,
BHEL was consolidation face and the channel was not got broken and retest was happened now.
The script was currently in the buy position. Hence, if the script we can go for Long for the same.
Buy - 74 - CMP
SL - 70.50 (Closes below in daily basis)
Target - 91
Regards,
Thenali Views
Disclaimer: Kindly do your own analysis before executing the trade.
BHEL👉Can U see those same reversal pattern?
👉Same reversal pattern has formed at the support zone.
👉Can have a buying opportunity,market indicating bullish reversal.
👉BHEL has good reports.
👀Keep an eye 👀
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😊Happy Trading 😊
Note:Patience is a key to success.
Disclaimer: This is my personal analysis for educational purpose. I am not sebi registered. Do your analysis before taking a position. I am not responsible of any profit or loss.
