FOLLOW FOR MORE SUCH AMAZING IDEAS. BHEL gave a breakout and people as always ran after buying it any price ignoring the risk involved in that position. Market moves in waves and not in linear motion. WAIT FOR PULLBACK.
bhel analysis volumes of last 5 to 6 weeks have changed from 70's range to 120 ++ range therefore if it breaks first resistance can go to 230 easily
Swing trading (profit booking ) Short below 176 Target is mentioned in chat Stoploss 190
Stock is giving Weekly BO, lets see how it perform If you love trading view, please subscribe from below id, it will help me earn extra coins. in.tradingview.com
I'm bullish on BHEL purely on technical basis I expect a minimum 25% upside, the rectangles you see are GAPS in Daily timeframe. Let's see how it plays out Do your own analysis - Don't follow anyone blindly 📌
Greetings Folks, today I have prepared a setup of NSE:BHEL on NSE the analysis is as follows- - the price was on a good trend but is now starting to change the bias - with the recent failed breakout, its clear that price is not in full bullish mode - we are waiting for price to decide a bias in coming days - the price can go move sideways or give a proper light...
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...