BHEL monthly chart...possibility of a falling channel breakout....if it sustains then expect 360 to 390 in medium term...215 should sustain for this to happen
I have analyzed the recent price and trend based on that i am projecting the future price. I have also considered the recent all time high. At the recent all time high it resist a bit but it will shoot up. SL is redline.
On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
BHEL is moving higher in impulse trend.
The Trend for BHEL is positive and the best of the trend is behind us.
Prices are currently moving in the form of wave 4 retracement.
Time cycle are the crucial areas of reversal and for Bhel it is due on 25th march.
So the up move has still more room to cover and we can expect the stock to reach towards the level of...
Disclaimer:
Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell.
WaveTalks - Market Whispers!, can you hear them
Elliott Wave Analysis Insight
January 30, 2024: 230's to 240's
At the start of the year, BHEL's stock was trading between the...
After BOS, it created new Higher high without retesting. So, market will collect all the inbetween liquidity and it will start moving forward. Fresh buyer can enter at the buy area level. This is for educational purposes only.
#BHEL is setting up.
If it crosses 52week High & monthly trendline also. It is ready to go 100 & above.
SL - stop loss
T1 - Target
W - weekly resistance/support
ATH - All time high
NSE:BHEL
Disclaimer:
Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell.
WaveTalks - Market Whispers: Can you hear them?
Elliott Wave Analysis Insight
BHEL's stock movement is currently showcasing an expanding wedge or ending diagonal pattern, often...
