BHEL trade ideas
Long BHEL Risky One as from 2010 it was in downtrend but the positive point is very heavy buying volume .
Buy from current price 39.20 (aggressive)
@42.50 (save entry)
SL 34.50
Target 60/80/90/100/120+
Trade duration 6 Months
Bhel Short I 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 .
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. Example presented in these chart is 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.
What to expect next in BHEL?BUY only above 44.85 with stoploss of 39.45
For further guidance and assistance , leave a comment.
BHEL Breakout with VolumeBHEL has been accumulated and now it is breaking out with volume.
Open Interest Analysis:
Graph 903,000 - 756,000 96 55.54 2.30 0.80 21,000 2.15 2.40 21,000 39.00 63,000 0.50 0.60 42,000 -1.65 0.55 62.33 201 714,000 1,050,000 Graph
Graph 4,074,000 - 1,722,000 748 61.55 1.75 1.00 21,000 1.65 1.75 63,000 40.00 42,000 0.85 0.95 21,000 -1.10 0.90 62.34 409 1,764,000 2,352,000 Graph
Graph 3,066,000 1,659,000 728 58.15 1.15 0.65 21,000 1.15 1.30 21,000 41.00 21,000 1.20 1.55 21,000 -2.05 1.35 61.37 174 777,000 945,000 Graph
Graph 5,229,000 3,150,000 1,453 65.86 0.90 0.10 84,000 0.90 0.95 210,000 42.00 210,000 1.20 2.40 231,000 -3.95 2.00 64.32 23 21,000 168,000
Bhel: A head and shoulder 1. a head and shoulder spotted
2. wait for a full breakout
3. trade on the retest of the daily neckline
4. If the end of week, the weekly candle is a rejection candle, check for bearish div in the weekly chart
**wishing you all the best. Learn before you can trade**
Bhel - Setup for 24 Aug 2020Falling Wedge broke out on 12 Aug followed by a Cup & Handle on 18 Aug, now making the "Three Rising Star" pattern. Price Target expected 43
BHEL: Head and Shoulder PatternHead and shoulder patter observed in BHEL.
H&S indicates a trend reversal from Bullish to Bearish. But Since Nifty is in bull run & will go upwards after minor corrections happening since past few days.
Hence I am more in favor of long setup in BHEL. Volume is gradually increasing from a couple of days.
Volume & Price action is in favor of a long setup
Most probably -> it will cross the right shoulders high (around 39) with volume & we can enter in a long setup as below:
Long above 38.8
Long Setup:
Target 1- 42.5
Target 2- 47.5
SL -34.70
In case of Nifty fall, BHEL will follow the short setup as given below following ideal H&S strategy
Short Setup:
Target 1-32.60
Target 2-29.30
SL-39.3
Please let me know your views.
BHEL analysisBHEL enter once it closes above 42.35 in daily we can see an upside till 45-46 and once it closes above 48.5 we can see a target till 54.10 and 59.40 and more upside.
Long Call on BHELHas good move last two weeks, stock had pulled back from it's support zone. It may face resistance around current zone thereafter has potentail to move higher.
BHEL buy Breakout of cup and handle patternBHEL has given a very beautiful for Cup & Hndle Pattern and its now test the channel. We ca Initiate a long trade here with stoploss below previous swing low for target 43-44
BHEL 2 YEAR TARGET 120 The government proposes to incentivise operations of domestic equipment manufacturers such as BHEL, L&T, and Bharat Forge that results in manufacture of equipment that is currently being imported, particularly from countries such as China.
BHEL RECOVERY EXPECTED Goverment of India has stated that defence requirements in India will be made by India and reduce any imports. This has seen a direct effect in companies working for the defence sector like NSE:HAL , NSE:BEML , NSE:BEL , NSE:BDL & so on.
BHEL has also seen it's fair share of buying in the last week with the news annoucement pushing all defence PSUs higher.
It touched a Intrday high of INR 39.15 on 14th August 2020. It's expected to make a recovery to INR 44.00
NSE:BDL
BHEL - Possible Cup and Handle Pattern BHEL is forming what appears to be a possible Cup and Handle pattern.
Initiate long.
Target : 44.25
Stop Loss : 36.70
BHEL Descending Triangle BreakoutBHEL has given the descending triangle breakout. Wait for the confirmation.
This idea is for education purpose only.
