BHEL trade ideas
BHELAfter a good bull rally, BHEL is consolidating in a range with higher lows. 'Breakout' or 'Breakdown' tomorrow can give good opportunities. Keep a close watch on it.
BHEL LOOKING GREAT FOR TOMORROW BULLISH ABOVE 77 , RSI ABOVE IN HOURLY 60
ASCENDING TRIANGLE IN HOURLY CHART
BUY IF ITS BREAK
#BHEL Ascending Triangle.Bharat Heavy Electricals Limited
After forming an ascending triangle, BHEL is ready to fly. A breakout will help BHEL take-off. Wait for a 4h candle to break and buy.
Educational purpose only - trade at your own risk.
Good luck.
BHEL MONDAY 24 MAY 2021The levels are on the chart. Stay wise hedge if needed. Don't trade naked options.
Trade Wisely and Smartly.
Bhel Long term BreakoutOnly for Educational purposes.
BHEL seems to give a breakout after a long time and to inch towards its 2017 levels in 3 digits.
No recommendations just sharing my view and learning.
BUY BHELRational as explained in chart. Targets are also mentioned.
Please use stoploss and money management rules.
This idea is for educational purpose only.
Kindly consult your financial advisor before investing.
If you support the idea please hit 'Like' button.
PS: This scrip hit 20 in last march. It was joked that it is cheaper than bhel available on Mumbai chowpatty. Since than, this scrip has tripled the investors wealth.
Happy Trading!
BHARAT HEAVY ELECTRICALS - SWING | Crazy VolumesStock has broken long standing TL with big volumes. today has taken rejection from Resistance zone.
If stock is able to break 76.60 then we can see 5-10% move in couple of sessions only.
P.S. Levels mentioned in chart
BHEL potential buybullish harami signal observed on 14th and 15th may which is confirmed on 16th may.
BHEL BULLISHBhel, if gives weekly close above 78, can give more upside till mentioned targets.
High Volume, trading above weekly 200 EMA & strong RSI 77.
SL=64-65
Only for educational purpose.
Targets for about 60%Breaking about 3-4 years of Channel with heavy volume and is above the support level.
The up move will easily give us around 60% of returns.
Make Aggressive Buy around 43-47.
StopLoss and Targets are mentioned.
Happy Trading
Bhel- Long term BuyWe use almost centuries old fractal models based on basic sciences to decide buy , sell and timing.
Bhel had given a strong buy signal on monthly scale which means a trade which can last years.
Change of trend signal has been triggered which means Timing signal has triggered ( Lower panel)
It has broken out of Green and Red lines ( monthly closing below 35.50 and 42.80 will negate the trend ) , and as long as it treads above it, it's a long term long.
Will keep updating the levels for readers.
Enjoy
If you want to use these indicators or want to learn how to use to do message me.
BHEL 💯 🔜 Looking at the broader time frame we get a fair idea that breakout is with huge volumes and since last 1 week this stock is booming all over the roof. Accumulate at lower level even if it’s fall in tune of 60-65, Target seems sky’s the limit here on a longer duration.
W Bottom BHELNSE:BHEL
The Daily chart in BHEL shows a clear-cut W bottom pattern.
Let's call the first cable which crosses Neckline as Point A, and the first support as Point B.
when the candle finally crosses the neckline after creating W bottom draw a line from point a to point b. and place it above the neckline that shows the target. It's clearly seen that it has given a significant profit of 58%.
BALLE BALLE IN BHEL Strong Breakout seen in BHEL along with strong volume and now the downside risk is low. great time to enter into the stock with the target at the yellow horizontal line which is also a very important resistance for the stock.
