BHEL trade ideas
BHEL - Break-out on WeeklyAs per weekly chart, BHEL breaking out on Weekly chart . Target 32-35..Will review next week....
BHEL 200 EMA BREAKOUT - SWING OPPORTUNITY ?BHEL was on a downtrend for the past two months and 200 EMA was acting as a dynamic resistance and it was tested two times before todays breakout with high volume . And it was creating higher lows from November 4th.
ABOVE 30 BHEL looks bullish.
[Positional] BHEL Double Bottom PatternIts a buy trade if it triggers which IT did not yet.
Also, I will not personally buy it if it triggers as I don't like the fundamentals of this company much. You can buy if it triggers with a SL.
BHEL long scalp opportunityRSI indicating a bullish divergence with a trend resversal pattern breakout
Buying opportunity on pullback at 28.80 - 29-30
Targets - 32.75 | 34.60
Stop Loss is a must since markets are currently overbought and greed is high
One can also consider selling OTM put option and hold till expiry
BHEL - BearishNote: This is for educational purpose only.
There seems to be a build up near support which indicates absence of buying pressure/ demand. RSI below 50 indicates bearish momentum.
Watchout for trendline breakoutThe stock is making an inverted head and shoulder pattern and looks good above 28.3 level (safer above 28.45)
BHARAT HEAVY ELEC LTD. (BHEL) Trading SetupOne sided fall and now consolidation. Chance of breakout is high.
BUY BHEL H&S PATTERN BREAKOUTINVERSE H&S PATTERN BREAKOUT WITH GOOD VOLUME INCREASED EXPECTING TARGETS 32 AND 35 WITH SL OF 28 DO YOUR OWN ANALYSIS AND TAKE TRADE ALL THE BEST
BHEL has reversed successfullyBHEL showed a series of lower lows and lower highs. It has since, forming the bottom, shown higher highs and higher lows since the last couple of days. NSE:BHEL
BHEL on recoveryMACD has already done positive cross over & EMA is about to make a positive crossover.
bhel is a buying opportunitystock completed the XABCD pattern....with CD=1.618 AB.....this also is the completion of the 2nd elliot wave and start of the 3rd impulse...
[Short Term] Morning Doji Star Bullish Candlestick Pattern Morning Doji Star bullish candlestick pattern formed near support level in BHEL. Go long after breakout of downtrend resistance for the target of 29.50 and 32.30+.
BHEL- MACD may make positive crossover todayMACD may make a positive crossover today. This week looks interesting for BHEL.
FORMED A MORNING STAR PATTERN AT SUPPORTFORMED A MORNING STAR PATTERN AT SUPPORT CAN BE A GOOD BUY FOR SHORT TERM
