BHEL trade ideas
BHEL STOCK with support and resistanceI am just a beginner and doing for studying and practise purpose.
BHEL Go Long.Rounding bottom on weekly chart. Third time will hit the resistance and also long term trend line.
BHEL GO LONG UPTO 50.15BHEL HAS BROKEN 200 DAY MOVING AVERAGE AND HAS STRONG MOMENTUM FROM HERE. IT IS ALSO TAKING SUPPORT AT 200 MA
Perfect illustartion of Bat Pattern.The Bat Pattern, is a precise harmonic pattern™ discovered by Scott Carney in 2001
The pattern incorporates the 0.886XA retracement, as the defining element in the Potential Reversal Zone (PRZ).
The B point retracement must be less than a 0.618, preferably a 0.50 or 0.382 of the XA leg . The Bat utilizes a minimum 1.618BC projection.
In addition, the AB=CD pattern within the Bat pattern is extended and usually requires a 1.27 AB=CD calculation. It is an incredibly accurate pattern and requires a smaller stop loss than most patterns.
BHEL: Long term bullishRefer chart.. As per weekly and monthly chart it is turning from bearish slowly. Weekly MACD cut will helps to reach Target 1.
Vijayaraghavan.K,
Kovilpatti.
BHEL, CUP & HANDLE PATTERN BREAKOUT (CHART# 392)All level mentioned on chart
Watch my other charts to understand simple price action used for all of the analysis. Keep your charts simple and free from lagging indicators. Reach out if you wish to learn powerful technical analysis based on simple price action.
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Piyush Gupta
BHEL Rounding bottom breakout. Swing tradeBuy above 35.65 with a SL below 34.10. Targets: 37.50 & 39.80.
Long term Break-out in BHEL...sustainable?A clear break-out on the Weekly chart portends a long-term uptrend in BHEL. While it is a perpetual laggard, and not a particularly healthy (financially speaking!) company, it offers a good opportunity to accumulate for the medium to long term. It will be interesting to track, particularly with a focus on whether this break-out is indeed sustainable - key resistances are at 42 & 52 respectively.
Analysis for long term, Long BHELMonthly chart formed descending triangle. Now taking support , indicating trend reversal. Long for target 64. Stop loss at 12.
Watchout for trendline breakoutThe stock is testing it's blue trendline and above 35.5 can test the yellow trendline. Looks good for position-ally long above 35.5
BHEL: Range Breakout , with algo buy signalHOW TO FOLLOW ALGO SIGNAL:
Deciding buy/sell
1.Strictly use only on 1 hour time frame.
2.Wait for a ‘X’ sign before mind make up. A red ‘X’ means look for selling opportunity , a green ‘X’ means look for buying opportunity.
Taking a position:
3.Wait for an arrow before entering into any position. A red arrow on upside of a bar pointing downward means open short position. A green arrow below the bar pointing upward means open buy position.
4.NOTE: Only after the the signalling of X , look for arrow. Do not buy/sell if you see any arrow before the signal of X.
5.STOP LOSS should be the most recent swing high/low or most recent STRONG CANDLE’S high/low.
While maintaining the position :
6.The small triangles after the each bar completion tells you to hold the position. The red triangles appearing upside on the bar tells you to hold the short position, whereas the green triangles appearing below the bars tells you to hold the long position.
Exiting the position:
7.After you create a buy position , if you see a green arrow above any bar pointing downward, then you should either book partially/leave the position for sometime. You will get another signal to re-enter.
8.Similarly, after you create a sell position , if you see a red arrow below any bar pointing upward, then you should either book partially/leave the position for sometime. You will get another signal to re-enter.
9.While being in position if you see any X signal which is opposite of your trade , then leave your position immediately.
10.When you see a big red circle dot then you must exit all your short positions. Contrary , when you see a big green circle dot , you must exit all your long positions. And then wait for a X-signal.
No Trading Zone:
11.When you get frequent X-signals in green-red-green-red & that too very close, then its means that stock is going to form a range. One should wait for the range break & move away to another stock. (THIS IS WHERE YOU WILL REQUIRE A PRACTICE TO IDENTIFY THE RANGE)
Good weekly close on BHEL BHEL has closed above its previous 8 weeks with very convincing volumes.
If we are to go by the 4-week rule, this could be a great opportunity to go long. Good strength in the stock.
Please like and follow.
NSE:BHEL
BHEL Opportunity BHEL has given break out with potential upside of 20%.
Symmetrical Trainable breakout with good volumes and towards the long range resistance.
#Beginner
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BHEL long | Double bottom pattern | TRG 33.6/-Perfect Double bottom pattern
BHEL NEWS for receiving orders
TECHNICALLY STRONG Bullish
Fundamentally Supported
Bhel LongI hope you can now see how Bhel represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
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Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
BHEL - Bullish BreakoutNote: This is for educational purpose only.
There seems to be a bullish breakout with rise in volumes. RSI above 67 which confirms on the bullish momentum.
