BHEL LONG#BHEL is setting up.
If it crosses 52week High & monthly trendline also. It is ready to go 100 & above.
SL - stop loss
T1 - Target
W - weekly resistance/support
ATH - All time high
NSE:BHEL
BHEL trade ideas
BHEL WEEKLY CUP AND HANDLENSE:BHEL
CMP-77.50
Long After Weekly Candle Closing Above- 78
First Target Can be Aroud -120
SUPPORT can be around the region of 55-60
BHEL - Elliott Wave Analysis Application : Expanding Wedge Disclaimer:
Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell.
WaveTalks - Market Whispers: Can you hear them?
Elliott Wave Analysis Insight
BHEL's stock movement is currently showcasing an expanding wedge or ending diagonal pattern, often seen in the final phases of a trend, such as the fifth wave or wave -C in Elliott Wave Analysis. This pattern indicates we're possibly at a critical juncture.
Today's High and Implications
Today, BHEL hit a peak at 234.45, a significant level under Elliott Wave Analysis. This point is crucial because it tests the cardinal rule that Wave 3 must not be the shortest, and Wave 3 should be equal to or greater than either Wave 1 or Wave 5. In current BHEL's case, Wave 1 surpasses Wave 3, creating a unique situation. The stock's movement above 234.45 or 235 could mean Wave 5 will also exceed Wave 3, violating the cardinal rule of Elliott wave analysis, which is not allowed.
Technical Indicators and Outlook
The RSI shows a negative divergence, indicating the recent rise to 234/235 might not have strong momentum behind it. This divergence suggests caution.
What's Next for BHEL?
If BHEL remains below the 235 resistance, we might see a retracement to 200, a key support level. A fall below 200 could lead to a further drop to 165.80, which would be critical to watch.
Conclusion
BHEL's stock is at a pivotal point, with Elliott Wave Analysis providing a unique lens to anticipate future movements. While the resistance at 235 is vital, the underlying momentum indicators suggest a potential pullback. Investors and analysts should keep a close eye on these levels for future direction.
WaveTalks... Market Whispers... Can you hear them?
Every Correction Approx
Clear Up Trend
Average Correction 10%
Near Trendline Support
Above all Average and Positive momentum
BHEL - Go LongFor Educational Purpose..
⚠️ I'm not a SEBI REGISTERED analyst & my view can be biased
⚠️ No Buy Sell recommendation, do your own DD.
#BHEL (BHARAT HEAVY ELECTRONICS) IS READY TO BUY LONG
- Last 3-4 Months Volume Massive
- 16 Year Trendline Breakout
-
Waiting Time 3-6 Months
Long Above ( Required Candle close ) - 225
SL - 190
Target - 250, 275 & More...
Thank you
BHEL: Riding the Reversal Wave? Chart Analysis Inside!Hello traders!
Today’s spotlight is on NSE:BHEL stock, which recently surged but is now flashing a reversal candle pattern. Here’s a quick rundown:
Rapid Ascension: BHEL experienced a swift climb, catching the market’s attention.
Reversal Indicators: A reversal candle pattern has emerged, suggesting a potential shift in the stock’s trajectory.
Chart Insights: Check out the chart for my marked levels around 220 to 230 – potential key zones.
Derivative Play: Derivative traders, consider exploring ITM PE options based on your research.
Due Diligence: Always a reminder to conduct your research before making any trading decisions.
Stay Informed: Let’s stay informed and navigate these market movements together. Your insights are valuable!
See you in the next post, traders!
Best regards,
Alpha Trading Station
ShortTerm #ShortTerm
BHEL @210
TGT - 300
Duration - 6month
Budget Pick - Hold and buy on dips view
Don't deploy bigger capital this is Postional Trade ✅
BHEL Analysis(Flag and Pole)BHEL Analysis Weekly Timeframe
Flag and Pole Pattern in BHEL
Flag Breakout in BHEL
Bullish view on BHEL
Projected Target = 165.80
Stop Loss = Below 67.95
BHEL - a sure sign to go upNo further words …. Pic shows I am ready
But any chance of pullback on blue lines is a better price
BHELStock is trading at 10 years of resistance and can expect a good breakout. Closing above 205 will be a good opportunity to enter in the stock. Targets are huge 1st targets at 221, 2nd target at 256, 3rd target at 297.
Only for Educational Purpose.
Do your own research.
BHELBUY @ 202 RS
TARGET @ 350 RS
BUYING CONFIRMATIONS: Rounding bottom breakout (Monthly timeframe)
Expected returns are around 72.00 %
BHEL
Prices have confirmed long term trend change by clearing the down-sloping trendline and June 2021 high of 80.
Monthly RSI has also cleared its bear phase oversold zone.
In the past, a similar price pattern was followed by a strong multi-year up-move. We can expect the stock to now continue its uptrend to initially test 200, and eventually 360.
Bullish outlook remains intact as long as price is above 80.
BHEL is crossing 10 year resistance of 193>> next target 335BHEL has again bagged order 19422 crore . It is in the cusp of breaking its 10 year old resistance of 193. If it breaks that it is going to 335 ( on a monthly basis)
Bhel - Formed a bullish cup or rounding bottom patternIf the stock breaks the high of rounding bottom then we can see a potential move towards 360 range with some retest expected. Accumulate at all the retesting points.
BHEL F&P PATTERN BREAKOUTBHEL breaking F&P PATTERN
with good volume and rsi
trading above key ema
educational idea
BHEL Breakout buy on retrace.BHEL Breakout Buy for First target 75.
If cross 78 then the next target is 99.
BHEL (AVOID FOMO)FOLLOW FOR MORE SUCH AMAZING IDEAS.
BHEL gave a breakout and people as always ran after buying it any price ignoring the risk involved in that position.
Market moves in waves and not in linear motion.
WAIT FOR PULLBACK.
Bhel short callSwing trading (profit booking )
Short below 176
Target is mentioned in chat
Stoploss 190
Education purpose only - BHELStock is giving Weekly BO, lets see how it perform
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Bullish on BHELI'm bullish on BHEL purely on technical basis
I expect a minimum 25% upside, the rectangles you see are GAPS in Daily timeframe. Let's see how it plays out
Do your own analysis - Don't follow anyone blindly 📌
#BHEL trade idea setup (17/12/23)Greetings Folks,
today I have prepared a setup of NSE:BHEL on NSE
the analysis is as follows-
- the price was on a good trend but is now starting to change the bias
- with the recent failed breakout, its clear that price is not in full bullish mode
- we are waiting for price to decide a bias in coming days
- the price can go move sideways or give a proper light in its direction by breaking out either side
- the market is very volatile, trade with light head
don't play with fire, always use a predefined stoploss
BHEL Bhel is making a good demand candle at 50% retracement level of run from June low to recent high, the weekly candle is yet to close but still on daily timeframe the structure is showing early signs of reversal. Keep this in radar ...
