BHEL Analysis FEB 2021Mark minervini style VCP
3T
DailyTimeFrame
Volume Expansion and Wide Range Candles
BHEL trade ideas
BuyBuy for long term with stop loss below 26 for target 5-8 times of risk.
Short term stop loss will be on close below 35.
Long term EMA has started trending up. Price is abv all EMA . Inverted H&S breakout on weekly chart. Higher top higher bottom started .
strong buy bhelmany reason to buy bhel for investment purpose
1 long term trend line break out
2.triangle with inverted head &shoulder pattern breakout
3.making higher high its also bullish sign
4. higher volume found in last week trading session
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Bhel long Wait for smal pull back at 46 zone have sl at 43 I gues 60 can be seen ! Risk Reward is very favorable here!
BHEL (WEEKLY)PATTERN : CUP AND HANDLE BREAKOUT
VOLUME ALSO INCREASED
WAIT FOR RETEST OF TRENDLINE
NOTE : ONLY FOR EDUCATIONAL PURPOSE
buy if a weekly candle close above 49 it is in uptrend on weekly, monthly , daily chart and stock is at 52 W high or
you can wait for correction then take long position
Inverted Head & Shoulder - Ascending triangle Breakout-Target-54Inverted Head & Shoulder - Ascending triangle Breakout-Target-54
BHEL : Bullish breakoutafter a long consolidation, stock has given a breakout & is ready to move towards 50/55 target area. Stop loss should be below 44.
BHEL for swing..from 35 to 43bhel is in a proper channel and waiting for
swing opportunity watch rhe level 35 and place target on 50 sl on 32.and watch MACD BREAKOUT
