Bhel ready to flyThe stock has given a trendline BO and looking really good positionally for a target of 60+
BHEL trade ideas
Potential stock breakout. Good buy above 57, trying hard to break the level of 57, hope so ti breaks it this time.
7 Years Pattern BHEL /-DISCLAIMER : Not an advise, just thought of sharing you this analysis.!
BHELISH.!
BHEL - Potential Long OpportunityThings to Note:
1. Good Wide range candle
2. Volume on BO
3. Change in market structure
4. Price above 50 MA
P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk
BHEL: Weekly - Inverted Head & ShoulderView is for education purpose only....
Observations as per chart- Trading above 50 MA i.e in Up-trend; Inverted Head & Shoulder shows bullishness.
Preferable: buy on dips near 46/47 for target 55/56
BHEL on a RollBHEL has a strong bullish setup. Wave 1 of 3 was a leading diagonal. Wave 3 after leading diagonal usually goes to 1.618 times wave 1 which is at 81.95. Breaking out of small yellow channel the stock should pick momentum again and go to 70 first, pull back a bit and then go to 80+ levels ultimately.
LongThe stock gave a huge breakout in the daily timeframe , go for long if it sustains 55
Intraday target (57)
Hold for long target of 60 and 65++
Disclaimer: do trade at our own risk
BHEL new trendBreakout of 50 will create new highs, short term target going till 76.
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Always keep a stop loss to rescue you out of troubles and trail the stop loss as the price rises.
Disclaimer - This post is for educational purpose only. Please consult your financial advisor before taking any position.
BHEL: Trend-The last session resulted in high-wave/doji candle
-Expect it to follow either path P1 (indicated by orange) or path P2 (indicated by blue curve)
-Tagging the monthly trend line would be more healthier for a solid up-move
Retested the support and bouncing back exactly from hereWhen 42-43 was acting as a resistance, it tested it multiple times and then given a breakout. Now the the price retraced to the level and now it will act as a support
Bhel LongFollowing a channel pattern. Looking in a uptrend one can buy at around 43.5-44 using 41.5 as a stop on a closing basis. Immediate target is 50 followed by 54-55. Final target is 64.
Intraday opportunityLong above 44.8 for tgt of 46.65,-47.20 sl 44 just a view better seek professional advice. Just a view better seek professional advice.
READY TO RACE💕Best Opportunity For Swing Traders💕
Level Mentioned On Chart.
After Consolidation Stock Is Ready For Go
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📌Key Highlights:
🔺BO On Weekly Time Frame.
🔺 4yrs.Trendline break on weekly .
🔺Vol. BO.
🔺Dyanamic Support and Resistance.
🔺Levels mentioned in chart.
Short Term - Long Position - BHELShort Term - Long Position - BHEL
Target Price: 54.60
Time Period: ~ 1 Week
Stop Loss: 49.50
