BHEL trade ideas
Last Move down One can wait for this correction to complete for Long term Investment
Usually these move end either by same low , or they surpass slightly and then reversal ,
You can look for SIP once it starts hitting 18 and keep investing on small quantity until it hits 15 and let the investment be in it for 3 Years
and there will be reward handsome income
in a common man perception You invest your savings of 25000 and wait until it becomes 2,50,000 in 3 Years
Good luck and have a patience
for F & O traders , dont short until you see divergence in RSI and then keep rolling of 3 Months contracts but patience is key because it will be very slow in move
Keep your stop every day in profits
Good luck
Watchout BHEL:Bhel has show really good price action in few days. The support is at ₹40-40.5. If this price is broken the share will go down to ₹31-34. In case it takes support at ₹40-41 the target prove will be ₹45-47. A small stock that can give good return on both side as per the market situation. Volume will play a big role.
BHEL is on is common support resistance position BHEL is on its common support resistance position, there is chance for either uptrend or downtrend,also a chance for a sideways trend. Keep waiting and if it cross his point to up, chance for a uptrend or there is chance a downtrend.
BHEL closed today (6/7/2020) at 43.55 TGT 55Bhel may get large number of orders following the ban on Chinese firms .BHEL closed today (6/7/2020) at 43.55. BHEL is targeting 55 in short term.
Go longThis stock has been under performing for a very very long time. It's a maharatna company, with sound financials. Watch out for break out above the resistance line and 200DMA, there's a huge volume bust too for support....
Looking good , Closed above 200MAI have suggested around 30.
Now today it has given closing above 200 MA. if it stays above 200 ma for next 2 days then we can see good up move .
my next target 47
Is it time to sell BHEL ??Bhel will reach a level of high confluence at the level of 40.
Definitely it is an area of Profit booking
So see you there
bhel long set up with the stock forming dual bottom and governmet making posituve changes regarding the sector
the stock can show good upmove in long run can even show 60/62 in 18month duration .
BHEL buy for target of 34BHEL making higher highs and higher lows, and Impulse wave 2nd completing. Will start 3rd wave upwards.
BHEL - Short term TradeShort with a SL of 38.
Could fall to 32.70.
But short term consider it a 1:1 trade..first target 34.60. (Once below your cost of shorting i would shift stoploss to cost coz this stock was in momentum)
BHEL is looking BullishBHEL has closed a little above 38.2 Fib level with good amount of volume. The next resistance is at 50% Fib level i.e, 39.75 . We can invest in this for the short term with a stop loss a little below the current Fib level.
This is as per my analysis.
Happy Investing.
Currently, I am learning fundamental and technical analysis of the stocks. Please feel free to comment on the post, if I did any mistake in Analysis.
Stay Tuned for the Nuts Analysed levels mentioned on chart!!!
Disclaimer : Only for educational purpose. Please consult your financial advisor before putting money into the market!!!
BHEL Target: 35.40
SL: 31.5
Disclaimer: The author is not registered as a securities broker-dealer or an investment adviser either with SEBI or any other government agency. All views expressed is based on the author's technical analysis. It is highlighted that Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites, Derivatives, commodity and Currency can be substantial. It must be noted that the user of the information shall undertake their own analysis before investing or trading. The author of this information shall not be liable for any losses arising from the advice therefrom or incidental thereto.
