Piercing pattern (bullish candlestick pattern) double bottomBHEL forming a double bottom and a piercing pattern both are reversal pattern it is expected that the trend may reverse for short term and try to touch the major downtrend line........
BHEL trade ideas
Long BHELPrice Action suggests that scrip is taking support around 43.5, very good RR with small SL of 42.4.
Simple support and resistance, also forming hammer kind of candle on daily.
Can be bought for first target around 45.5 and second around 47.
Disclaimer: Ideas for educational purpose, give thumbs up if you like.
BHELThe stock has formed a base at 41-42 levels. Positive divergence on daily charts along with trendline breakout. Can go long between 44-45 levels.
TGT-1) 47.5. TGT-2) 50-52. SL- 41.
BHEL Weekly Chart RSI DivergenceBHEL: Weekly chart. RSI Divergence see on weekly chart. Volume is rising. Taken support at 42 twice with divergence in RSI. It a multi year low after tripple top breakdown in 2017. Some thing interesting. Please share ur views.
BHEL - Retesting The SupportBHEL retesting the support on higher volumes is a buy with upside of around 24 %
short bell below 52.8 stoploss at 54.35BHEL looks very weaker in terms of trend.when nifty was reaching all time high BHEL was consolidating and making lower lows on daily basis.short term trend is negative and 53 acts as a good support.if breaks this support then 50 will be breached and the next target would be 50 and 45.long term players can accumulate near 40 levels.
BHEL WILL TOUCH 52.50 SOONERBHEL WILL TOUCH 52.50 SOONER......
ENTRY LEVELS : 50.25 - 51
KEEP A STRICT STOP-LOSS OF 49.50 ON 1D CLOSING BASIS........
BHEL ANALYSIS FLAG PATTERNIT IS CONSOLIDATING INA FLAG PATTERN NOW IT MUST COME TO LOWER LINE TARGET GIVEN FOR SHORT PLUS GAP AT 46.5 MAY BE FILLED NEWS HAS COME FOR BHEL
CRISIL DOWNGRADED RATING ON LONG TERM BANK FACILITIES AA FROM AA+ GOOD LUCK
NOTE: TRADE AT YOUR OWN RISK I MAY BE WRONG
BHEL can attempt breakout buy BHEL at CMP at 55.65 for target of 64 65 , keep sl at low of today's candle
Bhel : Holding Bullish Range ShiftBHEL: In my previous updated i mentioned the range shift fact in the stock. The stock is reattempting breakout from the clouds. In today’s session it created a bullish candle. The macd is turning up while rsi is comfortably above 50 levels. The chikou is free As long as 51 levels are protected the stock is expected to move up in the near term.
BHEL 4 HOUR WOLFE WAVE SELL SETUP BHEL 4 HOUR WOLFE WAVE SELL SETUP
BHEL SELL NEAR 57.70 WITH STOPLOSS 61.30 TAKE PROFIT 52.70 AND 48.70
NOTE :
BHEL CURRENT HIGH 61.30 STRONG RESISTANCE
THAT POINT BELLOW IS SAFE SELL
