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BHEL trade ideas

BHEL was in sideways trend last week Stocks to Keep in Radar for Next Week ⏩ SBIN ⏩ NMDC ⏩ BHEL ⏩ DLF BHEL is in corrective moce after making recenrt highs If sustains above 300 level, it may try to test recent highs However in case of Bearish pattern at higher level, it may come back to prev week's range Important downside support is around 280 & then 270 level whereas upside hurdle is aroud 320 level *Election Results can create Volatility in the Maket Keep Tracking Charts *For Educational Purpose Learn & Practice Price Action setups
NSE:BHELLong
by Himanu_HATradeTalk1
Bhel- Traders Trap at 275 on 4th March 2024 ( Wave Story)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 230's and 240's. Investors were cautioned about limited upside potential, especially below the 235 mark. It was predicted that the stock might regress towards the crucial level of 200. Last Published on 30th Jan 2024 February 13, 2024: Lows of 200 True to the caution, on February 13, 2024, the stock descended to the lows of 200, sparking concerns among investors. However, BHEL managed to maintain its position above 200, offering hope for a potential recovery. A note of caution lingered - any decline below 200 could lead to a deeper plunge towards 165 & 113-120 support zone. End of February 2024: Triangular Correction Completed By the end of February, BHEL completed a triangular correction in its ongoing wave sequence. Despite this, caution prevailed as it was observed that Wave-E was truncated, setting the stage for a sharp rally. March 4, 2024: Surge to 275.85 On March 4, 2024, BHEL's stock surged to 275.85, trapping traders on upside. However, the warning remained clear - maintaining above 200 it can push upside in 225-240's, while breaching 200 spelled trouble, leading to a slip towards 165 and the critical support zone of 113-120. Post-March 5, 2024: Decline towards 206 Post-March 5, 2024, the stock experienced a decline towards 206, approaching the key support level of 200 in a an impulsive manner. The familiar tale repeated itself - maintaining above 200 hinted at a potential upswing towards 225-240's, repeating same thing again & again. while breaching 200 will trouble, leading to a slip towards 165 and the critical support zone of 113-120. And so, the tale of BHEL continued, with its fluctuations and uncertainties. From WaveTalks (Market Whispers!, Can you hear them) Abhishek Wishing you a Happy Holi-day! 🎉
NSE:BHEL
by WaveTalks
3
BHEL: High Return Idea upto 52%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 300/320+ in the form of wave 5 by next 4/5 months. Over short term dips can be used as accumulating opportunity with 200 as immediate support with a stop below 170 on weekly closing basis.
NSE:BHELLong
by Chinmayonniftyy
11
BHEL given buy at 250-251 ytd hold it for 270 Target 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 trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% .. Please note:- It's working on news based and volitile market very well so exit if SL hit
NSE:BHEL
by JaiPrakashShuklaHarmonicTrader
Positional trade buy BHEL Target 274 cmp 250 SL 240On 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 trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% .. Please note:- It's working on news based and volitile market very well so exit if SL hit
NSE:BHEL
by JaiPrakashShuklaHarmonicTrader
BHEL - Elliott Wave Analysis Application : Expanding Wedge 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 seen in the final phases of a trend, such as the fifth wave or wave -C in Elliott Wave Analysis. This pattern indicates we're possibly at a critical juncture. Today's High and Implications Today, BHEL hit a peak at 234.45, a significant level under Elliott Wave Analysis. This point is crucial because it tests the cardinal rule that Wave 3 must not be the shortest, and Wave 3 should be equal to or greater than either Wave 1 or Wave 5. In current BHEL's case, Wave 1 surpasses Wave 3, creating a unique situation. The stock's movement above 234.45 or 235 could mean Wave 5 will also exceed Wave 3, violating the cardinal rule of Elliott wave analysis, which is not allowed. Technical Indicators and Outlook The RSI shows a negative divergence, indicating the recent rise to 234/235 might not have strong momentum behind it. This divergence suggests caution. What's Next for BHEL? If BHEL remains below the 235 resistance, we might see a retracement to 200, a key support level. A fall below 200 could lead to a further drop to 165.80, which would be critical to watch. Conclusion BHEL's stock is at a pivotal point, with Elliott Wave Analysis providing a unique lens to anticipate future movements. While the resistance at 235 is vital, the underlying momentum indicators suggest a potential pullback. Investors and analysts should keep a close eye on these levels for future direction. WaveTalks... Market Whispers... Can you hear them?
NSE:BHELShort
by WaveTalks
5
BHEL: Riding the Reversal Wave? Chart Analysis Inside!Hello traders! Today’s spotlight is on NSE:BHEL stock, which recently surged but is now flashing a reversal candle pattern. Here’s a quick rundown: Rapid Ascension: BHEL experienced a swift climb, catching the market’s attention. Reversal Indicators: A reversal candle pattern has emerged, suggesting a potential shift in the stock’s trajectory. Chart Insights: Check out the chart for my marked levels around 220 to 230 – potential key zones. Derivative Play: Derivative traders, consider exploring ITM PE options based on your research. Due Diligence: Always a reminder to conduct your research before making any trading decisions. Stay Informed: Let’s stay informed and navigate these market movements together. Your insights are valuable! See you in the next post, traders! Best regards, Alpha Trading Station
NSE:BHELShort
by AlphaTradingStation