BHEL trade ideas
#BHEL CASH : SUPPORT 32/28 AND RESISTANCE 35/38#BHEL CASH
22.09.2020
SUPPORT 32/28-28.50
RESISTANCE 35/38
CMP 32.60
#BHEL CHART VIEWBharat Heavy Electricals Ltd.
Consecutive three negative closing increase probability of negative momentum in coming days.
Technically, Price presently trading on the verge of 34 support.
Weakness below can drag the price towards 30 and more lower side.
On the up side 35.55 - 37 (50MA) - 37.50 (5MA) are strong resistances.
BUY BHEL @ CURRENT LEVELSBuy BHEL because of following levels
1) The present down-move volume is low.
2) MAC-D divergence present.
3) Elliott wave suggesting an upmove
BHEL (POSITIONAL TRADE)Wait for breakout.
Enter at retracement.
Only enter if candle is bullish.
(TRADE AT YOUR OWN RISK)
Bhel Can go long after BOBhel can go up after breakout, if takes support and breaks short term trendline. If breaks support this view stands cancelled.
PLEASE DO UR OWN REASEARCH THIS IS NOT AN ADVICE JUST MY VIEW ON STOCK “EDUCATIONAL PURPOSE ONLY”
Bharat Heavy Electricals Ltd. - WEEKLY CHART VIEWBharat Heavy Electricals Ltd.
The stock price maintaining negative momentum since failed to produce CUP & Handle Breakout above 44.
As of now short term trading sentiment is on the negative side below 34.75 expected to extend speed of the negativity.
On the up side 37.40- 38.85- 40- 42.45 are should consider as strong resistances.
BHEL making double top BHEL made a double top. It is expected to fall of 10-15% if the breakdown the support @35
Bhel taking supportBhel is taking support at the previous demand zone, can go long if the trendline breaks with good volumes with the targets of the previous supply zone.
BHEL : A ZIGZAG correctionThe present price structure suggesting that a zig zag corrective movement can take place in the coming sessions.
BHEL Cypher Pattern Formation (Old One)Hi, I am a learner and had just gone through Cypher Pattern . While moving through this chart I tried my 1st ever Cypher Pattern on Script. Please the PRo-Traders express your view towards correctness of the pattern and help me out with how StopLoss and Target should be calculated if the Trade gets activated in upcoming time at 31.05 without breaking the C-high.
Also, is their any Expiry of the Pattern-Formation?
BHEL Analysis If NIFTY sustains at its levels then BHEL will easily catch 42.50 level and the new resistance level (target) will be 44.40.
(bought @38.65). Comment your view.
Cup and Handle in BHEL, breakout expectedCup and Handle formation in BHEL, a big breakout is expected with next significant resistance at 61 level. SL can be kept below the demand zone it is currently sitting on.
