Bhel is making a good demand candle at 50% retracement level of run from June low to recent high, the weekly candle is yet to close but still on daily timeframe the structure is showing early signs of reversal. Keep this in radar ...
--Breakout --resistance at 133 --Target 150 --BUY above 133 Disclaimer: - The view expressed here is my personal view - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance -- Do your own analysis...
It looks like BHEL is going to be multi bagger coming off of years of downtrend. Setting up nicely between the support and resistance, should consolidate to make a move higher on forward.
This is how I use trend lines to identify the Breakouts. Here I explained about BHEL stock
BHEL made monthly Breakout.so Short to Longterm is UP. Take your positions accordingly. #Buy on Dips.
i have published this strategy in my previous post if you want to know. targets will be 150,160 with sl of 128. lets see how it performs.
CMP151.75 SELLING ZONE 153-55 SL 157.5 TGTs 141/39/36 (Positional View 30min TF)
bhel is looking strong it will go 160 first target
CMP 152.25 SELLING ZONE 150-54 SL 159 TGTs 134/22/114 (Positional View Daily TF)
Checkout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED! NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get...
BHEL embarked on a robust uptrend post-June 2022, surging by an impressive 100%. However, after this remarkable rally, it underwent a consolidation phase, retracing by 28%. During April 2023, it formed a compelling double bottom pattern, signaling a potential trend reversal. The stock exhibited a notable breakout with a surge in volume over 100 days, propelling...
Please look into the chart for a detailed understanding. Consider these for short-term & swing trades with 2% profit. For BTST trades consider booking target for 1%-2% For long-term trades look out for resistance drawn above closing. Please consider these ideas for educational purpose Please note that, if there are some big targets, those are drawn thinking...
CMP 141.85 SELLING ZONE AROND 145-41 SL 147.60 TGTs 132.5/22/13.5 ( Positional Vew )
On a 4 hrly chart, Resistance area around 134 has been broken The breakout candle has a high volume and negligible wicks A small cup and handle pattern has been formed taking the 134 level as neckline Also there is a visible rise in atr on and after breakout For a Short Term Trade , tgt = 148, sl = 130
NSE:BHEL Will BHEL go up in the next trading session. Update your thoughts in comments Ignore if huge gap down or gap up. Follow strict stop loss. Disclaimer: This is not a financial, investment or trade advice. Its only for educational purpose.
Please look into the chart for a detailed understanding. Consider these for short-term & swing trades with 2% profit. For BTST trades consider booking target for 1%-2% For long-term trades look out for resistance drawn above closing. Please consider these ideas for educational purpose Please note that, if there are some big targets, those are drawn thinking...
Stock has breached neckline of H&S pattern. Buy at retest around 133. SL @ 130 closing basis.