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BHARAT

BHEL Bears Dominate – TP1 Hit, More Downside Expected!Technical Analysis: BHEL (Bharat Heavy Electricals Ltd) – 1D Timeframe (Short Trade) We initiated a short trade on BHEL at 288.71 on 2nd September 2024, using the daily timeframe. The first target (TP1) at 259.89 has already been hit, and we are now looking ahead for further bearish momentum. Key Levels Entry: 288.71 – The trade was initiated following bearish signals and strong confirmation for a downward move. Stop-Loss (SL): 312.03 – Positioned above the entry to manage risk and protect against reversals. Take Profit 1 (TP1): 259.89 – Already hit, confirming the success of the initial short move. Take Profit 2 (TP2): 213.25 – The next short target to be tested as bearish momentum builds. Take Profit 3 (TP3): 166.62 – If selling pressure continues, this level could be achieved next. Take Profit 4 (TP4): 137.79 – The ultimate target for this short trade setup. Trend Analysis BHEL is showing strong bearish signals, with price clearly below the Risological Dotted Trendline, confirming the downtrend. With TP1 already done, we expect the continuation of the bearish move towards TP2 and beyond. BHEL has already reached its first profit target, demonstrating the strength of the bearish trend. The remaining targets are now in focus as we anticipate further downward movement in the coming days.
NSE:BHELShort
by ProfitsNinja
#HISARMETAL Stock has formed nice base; looks ready for breakout#HISARMETAL Another company stock which supports in Infrastructure development. I will plan to buy this soon for long-term hold. Market cap of just around ₹115Crores. From Technical perspective: Stock has been forming a nice break and looks ready for breakout! From Fundamental perspective: - The company has shown a good profit growth of 40.96% for the Past 3 years. - The company has shown a good revenue growth of 15.78% for the Past 3 years. - Company has been maintaining healthy ROE of 24.03% over the past 3 years. - MCAP of just ~₹115Crores, hence lot of growth potential - EVEBITDA is 9.72 (EV/EBITDA values below 10 are seen as healthy) This can prove to be a multi-bagger in long-run.
NSE:HISARMETALLong
by BattleofStocks
#VASCONEQ stock with good fundamentals and good technicals.#VASCONEQ Another small cap stock with good fundamentals and good technicals. Has reclaimed a very important S/R zone on higher timeframe. Some quantity can be bought at current levels because of breakout on daily timeframe. Also, In my opinion, ₹59-₹71 zone is a good zone for accumulation if market gives a chance. I see another 50-60% upside as first target and this can also be a multi-bagger easily in long-term.
NSE:VASCONEQLong
by BattleofStocks