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BHEL

BHEL - Positional Cash BuyBHEL - Monthly chart looks highly bullish. Buy above 44.5 (Neck point of Harmonic analysis) for targets as follows Bearish BAT Pattern target - 67.5 to 68.0. At this point, we might see a small reversal so once can book 50% profits at this level. After a reversal, once it crosses 67.5 again, re-enter with the same 50% again. Bearish Crab pattern target - 108 to 110. Safe SL will be 35 on a monthly close basis. Aggressive SL will be 30 on a monthly close basis. My personal view - Chart looking very bullish after many many many years. Dis:- Holding from less than 30 levels over last 4 months & huge quantity too.
NSE:BHELLong
by tsarun1992
2
BHEL looks attractive and showing signals of trend reversal.BHEL is PSU which is into engineering and manufacturing capability across several core sectors, including power generation and transmission, transportation, renewables, water, oil & gas and defense & aerospace. X/2 Entry can be taken in BHEL at CMP and second SIP of X/2 entry can be taken above 57 closing. The target for BHEL will be 61.8 and 65.85. In a long run BHEL can even reach 70.5 if it is able to give an above par quarterly result or two. Stop loss should be maintained at closing below 44. It is a company with Zero Promoter pledge. MFs have increased their stake in BHEL in the last quarter or so.
NSE:BHELLong
by Happy_Candles_Investment
BHEL - LONG TRADEIt can be good choice for swing trade for a couple of weeks if it breaks the downward trend-line followed from 13 Oct 2021. For this stock 60.7 acts as a crucial level from May 2004. The Stock is at a trend line support Trade Details: Trade Active : When trend Line breaks Entry: below 63 Stop Loss: Below Trend line Targets: 66, 69.7, 74, 77 Holding Period: at least 2-3 weeks Use trailing Stop Loss: Keep Stop Loss below the target , once the stock is going for next target. Happy Investing :)
NSE:BHELLong
by Rajat_the_HERO