Bhel ready to flyThe stock has given great move above my prfevious recommended level of 37.1. Now above previous high made last year (44.35) we can expect another 8-10% upside move.
BHEL trade ideas
BHEL - Inverse Head and Shoulders Pattern - Daily - Medium termBHEL is forming an Inverse H&S pattern on Daily time frame.
Target : 58
Stop Loss : 35
Watchout for Resistance breakoutThe stock is approaching it's strong resistance level and looks good above 37.1 level.
BHEL DAIL ANANLYSIS GO LONG #BHEL DAILY ANANLYSIS GO LONG, THE FALL AND RESISTANCE ARE SHORT terms. BUY IN EVERY dip AND HOLD TARGET 40.
BHEL- CMP 40.5. Cup and Handle pattern followed by consolidationBHEL- CMP 40.5. It made cup and handle pattern which is followed y consolidation. It is in the process of break out. Todays cash volumes are higher than previous 4 days average volumes on increase in price. Today it came out of F&O ban which is a positive sign since trading in F&O is allowed. Today during last hours of trading it went up by making higher ups and higher bottoms, green candles, also closed at day's high. All these are indications for following up buying. It shall break out of consolidation range and shall go to the 42.25, 44.2, 47.45, 52.4, 56.5 with a stop loss of 36.9. This is for educational purpose only any trading shall be done with advice of financial experts.
BHEL ready to bounce backBHEL bounced back from strong support and if tomorrow the market moves up, buy call for BHEL. T1 39.55
BHEL POSITIONAL BUYBHEL
CMP 40.75
Stock from current level might move towards 45.25/51.15
SL 38.25 on closing basis
