BHEL trade ideas
BHEL : important supportBHEL has started trading around 1998-99 and then found multiple resistance at 40-46 zone. Green trendline ( weaker one as only 2 supports has formed within 1 year time) also show support at 40-42 level. Weight of evidence is still not suggesting any buying at this moment but short term bounce can't be ruled from this important zone.
BHEL (Bharat Heavy Electricals Limited) BUY ABOVE 52BHEL (Bharat Heavy Electricals Limited) BUY ABOVE 52
BHEL (Bharat Heavy Electricals Limited) BUY ABOVE 51.2BHEL (Bharat Heavy Electricals Limited) BUY ABOVE 51.2
BHEL 50 || SHORT || INTRADAYIn my view, a slight retracement towards 48 may be seen tomorrow. Although the stock has built long liquidation.
SELL below 50 SL 50.50
Targets 49, 48.50, 48
OR
BHEL 29AUG 49 PE (₹0.40), 48 PE (₹0.15)
BHEL LONGNSE:BHEL
Only for education and information purpose. Should not be taken as a trading call
BHEL char for long
CHART BY HARMONIC LEARNING AND EARNING
BHEL IS IN SUPPORT ZONEIT IS ALREADY IN SUPPORT ZONE.AFTER IT REACHES CLOSE TO THE SUPPORT ZONE IT HAS A CHANCE TO GO UPTREND BKOZ IT IS ALREADY IN OVERSOLD POSITION.
Extremly BearishStrong downtrend if price fall below 63 it can see 59 or low. Weekly\Daily\Hourly looks extremely weak. Buyers are really week.
