BHEL trade ideas
BHEL Elliott Wave Analysis Jan 2021DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The investment advice provided is solely the personal views of my research. You are advised to rely on your judgement while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisor before investing/trading.
I may or may not trade this analysis
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BHEL - Long Term Triangle formationA long term Triangle formation can be seen in the weekly chart of Bhel.
Breaking out would be a profitable venture.
The recent volume shows a heavy accumulation.
Entry - 38.5
SL - 30
Target - 57
Risk: Reward - 1:2
BHEL - Bullish Breakout from INHSNote: This is for educational purpose only.
There seems to be a bullish breakout from Inverse Head & Shoulders pattern. Similar breakout is seen on RSI as well. RSI above 66 indicates bullish momentum.
BHEL GO LONG UPTO 50.15bad company, use it for quick money. Inverted head and shoulder and take a long position
Trendline breakout on BHEL.The stock has broken a year long trendline with good volumes. Look to buy either at 36-36.50 levels or above 37.50 depending your trading style.
Other levels mentioned in the chart.
BHELINVERTED H&S PATTERN FORMATION
BUY ON THE BREAKOUT
37-38 MAIN RESISTANCE TO BREAK
10 POINTS MOVE POSSIBLE
SL-32 (CB)
BHEL Chart set up, view & trading strategyBhel
CMP 33.50
- The stock is near important support levels (around 32.50)
- if held on to the stock can see a move towards 37 / 40 odd levels
- blue line could be a potentially strong support levels
Given the set up one may consider selling BHEL 31 Dec expiry 32 Put option
around 0.50
Lot size 21000
Max profit potential Rs 10500/- per lot.
(Yield potential of 3.2% on Capital Margin in 8 days)
Importantly Risk cover for a fall up to 31.50 till 31 December 2020
Take care & safe trading...!!!
Disclaimer:
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
BHEL Probable Breakout High probability of breakout in BHEL as there are good buying volumes recently.
Rounding bottom pattern in BHELWait for a proper breakout will reach upto 34.60 before todays closing.
BHEL might reach 35 after the crash.As NIFTY was on short side for earlier two days of the week ,on 23rd it has taken support for reversal. BHEL can rise upto 34.85-35.00 levels tomorrow.Views are personal take trades on your own risk.
BHEL above key support and will it move to its previous highBHEL is at a key support area and seems to be a good place with good risk reward entry. It is taking support over 20 period moving average and can exit if the stock closes below 20 SMA.
BHEL kiss 42 BHEL - (CUP HANDLE PATTERN)
BHEL is at a key support area and seems to be a good place with good risk reward entry. BHEL defently reaches 42 stock price ....keep holding untill getting profits
BHEL Consolidating with reduced volumes: Stoked for breakout?BHEL has formed a symmetrical triangle on hourly charts.
A requirement for a triangle formation is consolidating or reduced volumes and that is exactly what is seen on this setup.
It will resume a previous uptrend, ie, upwards, after it breaksout from the triangle. Keep on radar.
Like and follow.
NSE:BHEL
BHEL 17/dec/2020 intraday - Long entry(buy)Intraday buy side entry with Target area to exit trade and SL area
BHEL Triangle consolidationThe stock has been consolidating to form a triangle pattern.
Buy above 37.05 with an SL below 35.40 for targets mentioned in the chart.
