BHEL ready to bounce backBHEL bounced back from strong support and if tomorrow the market moves up, buy call for BHEL. T1 39.55
BHEL trade ideas
BHEL POSITIONAL BUYBHEL
CMP 40.75
Stock from current level might move towards 45.25/51.15
SL 38.25 on closing basis
Bhel If sustains above 40, good BuyHuge OI on 40ce, if it sutains above 40.10 & short covering can act as fuel to the breakout
BHEL - Long Journey AheadBHEL is forming a nice base to launch itself.
Above 45 it would quickly race to 70 before consolidating again for further upmove.
BHEL Long(Tradeline BO).....Tradeline BO with volume
Above 39
target 42-44-46.5
support at 30
good volumes from past few days
above all important moving average
BHEL trying to break long term trend Enter after previous swing high of 37.2 breaks with stop loss around 36.5 and immediate target of 42
BHEL trade of Brach ZoneThere is a great opportunity to trade in BHEL for a time period of 3 months to 12 months.
Keep stop loss of 30 on closing basis and target will be 40 .
**please trade as per your risk appetite**
BHEL is ready for take off.Breached weekly basis 18 months long trend line with reverse head and shoulder pattern with good volume.
BHEL multi year TL BO NSE:BHEL Levels already mentioned.. Good candidate for swing and investing if interested..
Note:
1. Views are personal. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline not the big target...
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Inverse Head and Shoulder Pattern in BHEL for target of 40+In today's session, BHEL breakout the inverse head and shoulder pattern. As well as its trading above 200 DEMA. It's indicating a strong bullish move in this stock for a short term. In the upcoming few trading session, we can expect a target of 40+ in this stock. Can go long for a target of 40+ with nearest stop loss at 34.30. Near 35.50 is a good entry position in this trade to get a good risk-reward.
Possible Trade:
Buy BHEL above 35.50
Stop-loss 34.30
Target 40+
BHEL | Looks good for 30%BHEL | Looks good for 30%
CMP : 29.50
SL : 26
First Target : 38 or when the trendline is met.
Breakout in BHEL on weekly and Daily chartsBreakout in BHEL on weekly and Daily charts.
Target is 60.
