BHEL trade ideas
BHEL-Long techincals are described above
BHEL after taking support at 65 price level (near 200 day EMA)
recently crossed the resisatance line
Opportunity knocksRise from 66.30 was a clean 5 wave structure (1st or A wave) and now the corrective phase going on.
With "c" of abc pending, it is expected to complete in the coming week amidst global market volatility.
We would be looking to enter long trade at first instance of reversal for 3rd or C wave up.
Please note this is personal observation and basis of our personal trades.
Please do not enter any trade blindly on our view and do refer your set-up and / or investment advisor for the same.
NEXT BREAKER As per my conviction next hurdle for the stock is 81,82 above that level we can see new high of 100 very soon.
BHEL Chat Looks GoodBehl Gave a breakout on Daily and Weekly time frame, if it sustains.. It can give a good upmove
BHEL possible Reversal not a buy/sell recommendation.
BHEL reversal can be possible if stays above 66.
Triangle Patterntriangle Pattern
A triangle chart pattern involves price moving into a tighter and tighter range as time goes by and provides a visual display of a battle between bulls and bears.
Script = BHEL
Time Frame= 1 day
Bhel Elliot wave predictionBhel look like ABCDE pattern and expecting range bond for long term
last move trend line break
show week stock..
BHEL might break out of supply zone to give a good swing bullishBHEL have formed higher lows and tested the zone around 41.8-42.45 so if this zone breaks then it is good to go long until 48, which is a 12% gain
BHEL : Will turning fundamentals lead to an unpredictable move ?NSE:BHEL quoted profits after many quarters. The rising demand from real estate will support the growth and earning of Bharat heavy electronics in near future. Investors can add this FALLEN ANGEL in their Portfolio.
- Strong balance sheet
- Good Promoter holding (63.17%)
The idea shared is for educational purpose only.
BHEL 30 min pattern trading 24-jan-2022bhel 30 min trading idea,
Risk reward 1:2
take trade on any side of the pattern breakout and take entry
watch for pattern breakout
BHEL --INTRADAY SETUP --23/01/2023BHEL --INTRADAY SETUP -- 1 HOUR -- 23/01/2023
1. BHEL trading at upper channel on hourly chart , trendline & channel support seen at 80 level
2. stock close 80.80 last closing session near support level .
3. one can initiate BUY at 80-80.50 target 82-83 on intraday stop loss bellow 79
4.IF 15 min/ hourly candle close bellow 79, which is hourly trendline breakdown then initiate sell for target 78-77
* normalize deviation oscillator shows strength, bullish above 0 ( center line ) , Bearish bellow 0 ( center line ) .
**THIS IDEA IS FOR EDUCATIONAL PURPOSE ..... trade at own risk .!!
HAPPY TRADING. !!
BULLISHBhel 47
at trendline support,with double bottom
in pursuit of W pattern
long term 80 target seen
Descending triangle pattern #BHELAccumulate slowly at every dip up to 55 , if you are planning for long run multibagger. volumes indicates upside move .Trading above 200 sma.
MULTIBAGGER 2023 ---BHELBHEL --MONTHLY CHART SETUP -- potential multibagger 2023
1. BHEL pick as potential multibagger 2023 due to bullish techncial indicators on chart set up
2. Monthly Trendline breakout , Resistance Breakout seen on chart .
3. lower channel breakout seen around 40-45 sub level since then stock at uptrend following trendline at upper channel currently
4. RSI above 60, and above wma strong bullish indicator .
5. Golden cross of 44 and 200 hma , trading above 44, 100, 200 HMA
6. Potential upto 50-80% Upside from current level in 1 year timeframe
7. ENTRY .. 75-80 above resistence breakout level , TARGET 100-120-150 IN 1 YEAR , STOP LOSS 55
** THIS IDEA IS FOR EDUCATIONAL PURPOSE .. trade at own risk .!!
HAPPY NEW YEAR... HAPPY TRADING .!!
Update on BHEL Yesterday we have updated trade on NSE:BHEL for the price target of 84 and we are glad that we hit 83.5 but the stock reversed from there I exited my position and took a short position as you see in today's chart update.
Do like and follow and comment the stock you want analysis on?
BHEL, bigger targets can be forecasted looking at patternsKeeping stop loss of 73, one can go long for targets of 122 (cup and handle) and 139 (inverse head & shoulder) breakouts
BHEL ANALYSISBHEL is in good uptrend.
it is forming an ascending triangle pattern with higher lows which is good sign of an uptrend!
Long opportunities can be seen at the levels of 84-85 if this level breaks further upside can be seen in the stock!
do keep this stock in your watchlist
if the ascending triangle is broken on the downside trend is assumed to be reversed.
BTST trade for BHELNSE:BHEL price target and stop loss is mentioned on the chart
Do like and follow if you take this trade and make a profit
BHEL analysisThe first observation of this chart is the cup and handle pattern .
Before the formation of the cup and handle pattern the the stock was completely in a downward trend making lower highs and lower lows.
Now we can see a handle of the cup which is a higher low indicating that there might be end to the previous trend of lower low and lower highs.
This indicates that the sellers are now weaker as they are not able to break the last low of 73 and bulls are now more active.
The recent high of 78.35 is also broken with a strong green candle with huge volume of 7 million which was just 2.7 million for the last hour.
After the break the price is consolidating in a range for 6-7 candles
Another positive indication of this trade are the volume level
there are sharp increase in the recent volume as compared to past volumes which may be the indicator of accumulation by some larger buyers
So now how to trade in this kind of situation
the future possible outcome can be
1) IT might opens flat or slight gap up and cross above the the level of Rs 80 and directly hit the target and make higher or lower high
2) Or it might come back to the support of Rs 78 for retest then make a green candle and then begin the rally
so in both these cases we may buy if any candle close above Rs 80 with a stop loss of 77 and respective target
3) There is always an possibility of the that the plans don't works as planned, the stock just fall from next candle
so in that case we can just ignore this trade and move forward
Its just for understanding purpose , trade at your own risk
BHEL BreakoutNSE:BHEL After retest of Inverse HNS breakout.
Again ready for the Rally to New Highs.
It's a multi year Breakout. and has potential to go much higher.
A good Stock with Multi week breakout.A good stock with multi week breakout and a good quality stock to hold for future.
