BHEL trade ideas
Fibonacci retracementThe stock can show good up move in long run can even show 60+ in month duration .
cup and handle patterncup and handle pattern seen in BHEL. could give breakout . Buy above 29.
Good Volume expansion also.
BUY AROUND 24 TO 20 SIP MODE .#MULTIBEGGER STOCK. BUY AROUND 24 TO 20 SIP MODE .#MULTIBEGGER STOCK
HIGH DIVIDEND STOCK 10% EVERY YEAR
BEST POSITIONAL TRADING STRATEGYAlthough i am more inclined to wave theory , i want to explain here one of the simple way to trade
1) Plot a weekly chart of any stock
2) Plot horizontal support and resistance line which has tested a minimum of three times
3) Look for a significant break in the support line ,(The word significant is important)
4) The support line now behaves like a resistance line.
5) Look for selling as it comes near to the resistance line
Pearls of wisdom - 1) You can also plot 200 sma as an additional filter to sell
2) It's not necessary that the upmove should touch the resistance line
3) SL should be above the resistance line or with average true range
4) Target should be trailed
If you want to ride a massive trend, the kind that makes other traders go green with envy, then you must…
Trail your stop loss.
This means:
No target profit.
No second guessing yourself.
No bailing out even when it feels “uncomfortable”.
You honor your trailing stop loss and get out when the signal tells you to.
Rising shoulder in BHELBHEL is in a downtrend channel from 11th April with a continuous series of lower waists. But at the same time two things can be noticed here:
a. A rising shoulder pattern is forming which means if the price crosses above 27.60 then we might see a bull run.
b. Price is trying to cross the red zone and about to enter into a green zone which is also a bull sign but at the same time this move can be stopped at the upper channel.
The current resistance is at 46.50 whereas support is at 21.
NSE:BHEL
BHEL LONG for Short termBHEL is in Support, you can buy this stock for short term period, you can also hold this stock for Investments.
OI = 0.4%
RSI = OverSold
What will happen on 29th of May ?Why is 29th of May Important ?
To calculate the Gann date - i started from the recent bottom which is on 13th March 2020.
On the 1st day itself , it gave a big upmove upto 26.45
From the Gann square of nine chart (Google it) - you will find the following gann numbers being important (Diagonal)
1,9,17,25,37,49
Now calculate these numbers from the Preceding bottom which is on 13th March 2020 - You will most likely see a Magic.
What should be understood about this mystery is it does not materialize every day. However, when it does, it usually leads to a powerful trend,
As hard as this analytical sleuthing appears, the rewards are worth the effort. All the trader needs is to find one key calculation on an important chart and leverage it out to the overall market
Gann and several generations of traders have used time and price analysis combined with square roots successfully. Some consider Gann to be the Holy Grail of trading. It’s not. What must be understood is that until there is a pivot — price action — there is nothing.
You can spend a lot of time figuring out where a market is going to turn based on certain symmetries. It’s best to have a rough idea without spending too much time looking for a move that is not there.
Before attempting trade entry, you need an edge that gives you confidence that you are on the right side of the market. Once that is established, you can use your own rules and discipline to find good entries. Gann will help and square roots certainly are an important piece of the puzzle.
As you perform your due diligence, you might find something else, such as a specific date matching up with the range. Opportunities are out there. There might be something vitally important sitting just below the surface of your price charts. Gann time and price analysis and square roots can get you there.
BHEL -Bearish Harmonic Bat Pattern ShortBHEL now has harmonic bat pattern.
Short when the price reach @ 28.50
SL - 29.50
target 1 - 26
target 2 - 24
target 3- 22.75
Disclaimer: Kindly do your own analysis before executing the trade
[Buddha] BHEL Long if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
Buy BHEL at price of BHELPURIBHEL trading at price of BHELPURE (around 20 rs) can be bought for target of 27 to 30 and keep stop loss at price of Special Tea of 18 Rs.
BHEL rejected from trend line resistance areaprice today also rejected from trend line resistance area..let's see what we see next in dis stock
BHEL - Harmonic Butterfly Pattern - 15 mins - ShortBHEL - has bearish butterfly pattern at 15 mins charts.
We can short this script @ 28.50
SL - 29.50
Target - 27
Disclaimer: Kindly do your own analysis before executing the trade
BHEL IS IN DANGERAs per me , BHEL is still in corrective wave , & so it is still in danger of falling upto 10
Disclaimer - Ma view , Ma ew view
BHEL - Harmonic Bullish Bat Pattern - LongBHEL in 2 hrs Chart show Harmonic Bullish Bat Pattern.
With Target entry - 21
SL - 20
Target 1 - 22.50
Target 2 - 23.50
Target 3 - 24.50
Disclaimer: Kindly do your own analysis before executing the trade
Bullish on BHEL about 78 for Target of 84/90/92 SL:70Bullish on BHEL about 78 for Target of 84/90/92 SL:70
BUY BUY BUY... buy for Longer term horizon, keep buying if falls again till 15 odd levels. Dnt worrry, any fine day we may get to know the Stake sell by Govt to Some biggger names in related industry.
Gann and Elliott combined togetherWhile it’s not always clear why a time and price symmetry identified a market turn, such symmetries do indeed exist.
Gann, considered the squaring of price and time his most important discovery . He called it range and time squared.
However, the proper application can be tricky.
Markets are enigmas, and this attribute demands a great deal of flexibility when working with price and time studies.
How i calculated the Date as 20th May
From wave 1 to wave 3 - it took 43 price range
Add 43 trading days from the date of the lowest point - that is from 13th March - it comes to around 20th May
Now about the Price
The lowest price on 13 march is 18.4
square root of 18.4 is 4.3 . we have to add 1 to this number to get 180 degree = 4.3 +1 = 5.3
To calculate the price - 5.3 * 5.3 = 28
also 38.2 % fibonacci retracement comes to 29 .
This is just another example of how Gann’s principle of time and price balance out.
BHEL is still in DangerBHEL definitely looks corrective.
Hence in the longer run it looks it is going to go below 15.
But incase the wave turns complex - the stock may touch 29, which is the 200 moving average.
