Looks good for 3digitAs the momentum is high bhel can break the resistance level and can hit our target. Also there is tremendous increase in volume
BHEL trade ideas
Good Momentum in BHELHello Fellow Traders , I hope you & your family are safe and you're enjoying the bull run. Just look at the below chart
BHEL is giving goo momentum & is at critical resistance which also acted as critical support once
1. ENTER around : 77
2. Target : 104
3. SL for low risk taker (based on daily chart ) : 69 / SL on the basis of weekly chart : 58
Enjoy the trade :)
BHEL POSITIONAL TRADE OPPORTUNITY ABOVE 75 FOR TGT 100-120+Price broken long time down trend channel with very nice momentum & huge volume support too.
now give preference to horizontal imp levels as already marked on charts
BUY above 75 with strict SL 50-55 TGT - 100,120+
If momentum keep continue, one can trail for TGT 140+ also
BHEL - Up-Flag on Daily ChartBHEL was in a consolidation for almost one month after an impressive up rally. The price gave an upward breakout to the consolidation on a daily candle on 7th June 2021 and closed at Rs.77. The breakout was supported by increased volume. I anticipate the price target of Rs.106 in 12-16 daily candles. I suggest the stop loss at Rs.74. The expected risk-reward ratio is almost 1:10. The stop loss should be followed for the first 4 candles. Thereafter, the profit booking/ exit decision should be based on attainment of the price target or downward crossover of 26 EMA by 5 EMA whichever happens earlier.
NOTE: This idea is an attempt to predict the future price movement. Investment decision based on this idea shall be solely at the risk of the investor.
MAY BECOME ELECTRIFYING.This KUMVAKARNA is coming out of a deep slumber. Everything on chart. Can be electrifying.STATUTORY WARNING:-Don't get yourslf electrocuted . Use your own analysis. This is mine and not a trade recommendation.
Resistance breakout is expected in BHELThe script is being traded with good volumes and if the price crosses the resistance zone(red box), BHEL is a good buy and can reach upto 107 with few pullbacks.
BHEL LONGI previously posted an idea to short BHEL only IF it breaks the marked distribution phase from the lower band. If you see the description of the previous idea on BHEL, you can see that I have written there that ONE MAY LOOK FOR BUYING OPPORTUNITIES IF IT GIVES A BREAKOUT FROM THE UPPER SIDE OF THE RECTANGLE.
And here we are Today Bhel gave a good breakout form the upper range. And hence, as suggested before, one may look for buying opportunities now and we will now treat this distribution phase as RE-ACCUMULATION PHASE!!
LEVELS: (Based on weekly charts
ENTRY: Buy above 81 (on closing basis)
Target 1: 100
Target 2: 108
Target 3: 119
STOP LOSS: 73
TRAIL STOP LOSS
I would recommend going long on BHEL with above levels ONLY
FOLLOW IF YOU LIKE THE ANALYSIS
LIKE AND COMMENT WHAT YOU THINK ABOUT THIS!!
THANKS
BHEL Flag Breakout BHEL
Delivery CMP 77 and in Dips till 74 Sl 69 Trg 85 90
For Educational Purposes Only .
TradeAdda
BHEL- Short term breakout tradeNSE:BHEL
Wyckoff stage analysis on hourly tf
- Strong stage 2 uptrend
- Low volume consolidation where stock is getting accumulated by smart money
- Momentum clearly visible on upside within accumulation, by range and volume of green candles
- Breakout with strong volumes, resumes the stage 2 mark up phase
- SL below 73
Bhel retracement bounce backBHEL is in correction mode looks like correction is over counter trendline breakout with volume
BHEL SHORTLooking at the daily chart of BHEL, you can see a simple price action pattern which is explained below. (OPEN CHART FOR DETAILED EXPLANATION)
Firstly, it is visible that BHEL has given a brilliant bull trend from December'20.
Presiding the uptrend, an accumulation phase can be seen and then a breakout form that phase caused the uptrend.
Now, according to price action theory, the stocks' uptrend is firstly accompanied by an accumulation phase (as marked) and then a uptrend and then a distribution phase (as marked).
Following the distribution phase, weakness is expected in the stock. (OPEN THE CHART FOR ALL THE MARKED PHASES AND LEVELS)
To sum up, BHEL has first seen an accumulation phase, then a breakout from accumulation phase causing a good uptrend and now BHEL is seeing a distribution phase (consolidation after an uptrend).
Hence, it is expected that we can see weakness in the stock in upcoming days, given it breaks the distribution phase rectangle (marked) in a negative way.
If it breaks the distribution phase triangle from upside, one may look for buying opportunities.
I would recommend a 'SELL' signal (50% quantity sell) on BHEL for now.
FOLLOW IF YOU LIKE THE ANALYSIS.
LIKE AND COMMENT WHAT YOU THINK ABOUT THIS. COMMENT IF YOU HAVE ANY DOUBT ON THIS ANALYSIS
Thanks
Positional Long TradeBHEL long term uptrend broke Monthly down trend and also previous Supply.
Currently script at Monthly supply zone, once it retraces to Monthly demand zone we can take trade at Daily and weekly demand zones within Monthly demand zones.
Keep an eye any day it will burstBHEL forming ascending traingle pattern.
For safe traders: Wait for RSI divergence and let it close and trade above 76 to enter
Short term targets of 90 to 110 range.
Long term -275-350 range ( may take 1-2 years) best for investors.
For aggressive traders: Start buying, you never known when it will break you will even get chance to enter. 😀
Just wait and watch the day government announces details of divestment all the short sellers will be ohh now it's time to book losses, it's not going to go down.
All the retail desperate bears, who wake up in the morning and short at 75-76 levels with MIS order and realises at the end of day yeah to gir hi nai raha. I observed today there was sell order for more than 1crore out of which most of them were mis orders because everyday the delivery volume percentage is 19-20% only. Band karo yeah ghor apradh. Investors dauda ke marenge. 😂
