BHEL trade ideas

Ranagang

Sell BHEL @ CMP target 102 Buy BHEL 110 PE @.20 SL 0 Target unlimited hold till expire

nirav5

We can expect a reversal for the short term as a trade setup as there is a chance of Bullish Gartley pattern on BHEL. Potential Reversal area - 122.50 - 124.50 SL 122. 128 would be a reachable target. However 0.618 retracement from C point (130.45) to futuristic D point would be an ideal target.

WaveTalks Updated 

Its a complex correction happening in Bhel- Going above 146- Likely it should make a new high in the zone 175-185 & then fall again.

aks85

As seen Bhel has broken out of Ascending Channel in the daily chart a few sessions back, thereby breaking the higher high and higher low price action and gone on to make lower high, indicating short term weakness. Lately, it has formed a descending channel and the stock is expected to move down along the channel. Expected levels - 117, 110, 104.

Speed0 Updated 

Any better Alternative ? Analyse on your own... Complex Triple Zigzag.

FFI_ Updated 

Chart is showing trangle formation in BHEL. STOPLOSS 138.50 TARGET 143

praveen.bhatiya

Here exists a beautiful W pattern buying opportunity in the stock. The second bottom has shown a divergence also. Normally the target for the W patterns are big reaching the area from where trend started, let's see how this stock moves. Good risk to reward ratio. WEducational purpose as I am not trading it.

FFI_ Updated 

BHEL gap-up and make high of 143.65 one can take a short intraday. SL 142.80 Target 140.50

FFI_ Updated 

BHEL chart is showing strength i will suggest a short term buy call on BHEL with the stop loss of 128. and Target 160 for short term.

Singh_Siddz Updated 

BHEL BTOKE THE DOWN TRENDLINE RESISTANCE. It has also made a double bottom on daily charts. Go Long above 137 (Above Today high at fib resistance) SL at beginning should be 128. Targets:- All those Fib Levels that you see on charts. Trail SL after T1 is achieved.

sumitb2015 Updated 

BHEL has taken support at 38.2% retracement levels it seems. Also the price is at the bottom of the Upward channel which is a strong confirmation that the price is at an important juncture, BHEL can now move higher if it respects the upward channel and rebound from these levels. Go LONG at the current level 135 Target 160 SL 126

nitin495

It is channel breakout in BHEL daily in past.

saurabh Updated 

NSE:BHEL Bhel trade at 142.95 (-3.25) (-2.22%) at the time of writing, according to me sell at 143.10 for the target of 134.25

LSubramani

BHEL taking support at daily Kijun Sen @147.50. Reversal can happen here. Can be bought with 141 for a target of around 165.

NoviceCall

bullish butterfly

NeeteshJain

The price action broke out from the consolidation symmetrical triangle and as per its measurement target is expeccted to reach at 145 levels. Target: 145.40 Stoploss: 135.40

InsiderB

We had very good move after the ascending triangle breakout, booked some great profits out of it and now BHEL is retesting the resistance, so I'm planning to go short if we get bearish confirmation, I'm not sure what will happen on Monday, if we get Gap Up in BHEL bcos of Nifty better we can re-think this entry strategy. If it opens in one and once bearish...