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BHEL

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BHEL trade ideas

Inverse Head & shoulders in BHEL.We can see on the weekly timeframe, the stock has been consolidating for two years, forming an Inverse Head and Shoulders pattern. On the daily timeframe, there's a breakout with a smaller candle above the Neckline. However, there's a possibility of a fakeout, so we'll wait for a strong confirmation. We'll enter the trade only when there's a bigger green candle than the previous one and should sustain above the line as that would be our trigger. If the trigger is met, we can consider going long on the stock. Our target would be to achieve more than a 15% gain, while setting a stop loss at 8% to manage potential risks. Buy- 102 Target- 120 Stoploss- 94 Note- I am not SEBI registered, Please consult your adviser before Investing.
NSE:BHELLong
by BullishLine
BHEL Swing TradeBharat Heavy Electric ( BHEL ) ABOUT Bharat Heavy Electricals Ltd is an integrated power plant equipment manufacturer engaged in design, engineering, manufacture, erection, testing, commissioning and servicing of a wide range of products and services for the core sectors of the economy, viz. Power, transmission, Industry, transportation, renewable energy, Oil & Gas and defence. It is the flagship engineering and manufacturing company of India owned and controlled by the Govt. of India.
NSE:BHELLong
by TradeWithAplus
Bhel Shows a breakout of a downloping wedge pattern-Swing TradeBharat Heavy Electricals Ltd is an integrated power plant equipment manufacturer engaged in design, engineering, manufacture, erection, testing, commissioning and servicing of a wide range of products and services for the core sectors of the economy, viz. Power, transmission, Industry, transportation, renewable energy, Oil & Gas and defence. It is the flagship engineering and manufacturing company of India owned and controlled by the Govt. of India. Market Cap ₹ 27,299 Cr. Current Price ₹ 78.4 High / Low ₹ 91.6 / 41.4 Stock P/E 35.0 Book Value ₹ 75.4 Dividend Yield 0.50 % ROCE 2.93 % ROE 1.67 % Face Value ₹ 2.00 Debt ₹ 5,750 Cr. EPS ₹ 2.24 PEG Ratio -49.4 Promoter holding 63.2 % Intrinsic Value ₹ 36.7 Pledged percentage 0.00 % EVEBITDA 18.4 Stock is trading at 1.04 times its book value Debtor days have improved from 86.0 to 52.0 days. Company's working capital requirements have reduced from 129 days to 84.0 days After given breakout on daily timeframe stock looking attractive to enter at this current price also 78,20, take 50% and 50% at 72-75 level range and keep stop loss at 66 and target we can see 90/92+. Chances are very high to rach our target price. If you guy's really like my effort please like and follow. Thankyou.
NSE:BHELLong
by TraderRahulPal
Ascending Triangle Breakout seen in BHEL | Target 104+Hi guy's, i hope you all will be good, i have brought an another stock which has given a Ascending Triangle Pattern Breakout on chart. This idea definitely is going to a learning content as i am gonna to explain in very brief about Ascending Triangle Pattern. So let's start, What is Ascending Triangle Pattern? An Ascending Triangle is a Classical Chart pattern that is used in Technical Analysis to indicate a continuation of a trend. It is created by a horizontal resistance line that is drawn along the swing highs, and a rising up trendline that is drawn along the swing lows as shown in the Chart Above. The breakout in an ascending triangle can occur to the upside or downside. Ascending triangles are often called continuation patterns since the price will typically breakout in the same direction as the trend that was in place just prior to the triangle forming. A trader enters the trade on the long side, if the horizontal line is broken out on the upside. The stop-loss in this case would be the lower trendline. The target would be the widest part of the triangle. If a breakout happens on the downside of the ascending trendline, a short entry can be taken and a stop-loss can be put above the horizontal line. Again the target would be the widest part of the ascending triangle. Like any support/resistance or trendline breakout/breakdown, volume plays a very important part in confirming the strength of an ascending triangle breakout/breakdown. The volume should be low and below average as the ascending triangle is nearing completion and when the breakout or breakdown happens, the volume should be high, indicating that big money is participating in the move. An ascending triangle can be high reward to risk trade as the stop-loss is small (because of the narrow width of the triangle at the time of completion), but it is also prone to false breakouts, hence one can minimize the chances of a false breakout by following rules similar to the ones applicable on trendline and support/resistance breakouts: Ensure that the number of touches on the trendline or resistance are high (minimum two touches are required) Ensure that the volume going into the pattern is low and the volume on the breakout is high. So guy's i think now have definitely understood about Ascending Triangle Pattern Breakout. So if you see this type of pattern on chart, then go for long with proper stop loss. Levels i already have marked on chart. Please see chart for entry, exit and stop loss. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:BHELLong
by TraderRahulPal
2
BHEL- Moving towards 100BHEL is an engineering company which manufactures integrated power plant equipments. It is segments include in Power which comprises of thermal, gas, hydro, and nuclear power plant businesses and also in industry segment which caters equipment supplies for various industries, including transportation, transmission, defense and aerospace, downstream oil and gas, power, renewables, energy storage, and electric mobility, among others, and petrochemicals. BHEL is debt free company with more than 60% promoter holdings and has a strong balance sheet enabling it to report stable earnings and growth across business cycles.Also the recovery from its 52 week low is very high and now near its 52 week high . In the technical point of view its comfortably placed above its key moving averages- 50EMA and 200DMA. Recently it signed an agreement with volvo commercial vehicles. Also got the orders for the assembled sets of Vande Bharath train . Altogether it is showing a strong and clear signal of movement towards 100 .
NSE:BHEL
by DevanNaayar