BHELBhel down phase ended now it's time to a big move... it might be next sail fibonacci short term target 1: 81 and target 2: 90
BHEL
BHEL , Buy for target of 64It seems that stock has bottomed out and there is buying interest coming in the stock.
Buy BHEL at current levels and Keep stop loss of 51 on days closing basis.
Target for the stock will be 64-65 (15.4% - 17.2%).
Keep a view of 3 months, buy and hold the stock
**Ideas are my own** Take risk as per your risk taking appetite**
BhelBhel could be a good candidate for short term investment pick, the stock fell to 78.6% retracement of the last rise and then developed positive divergence in rsi along with trendline breakout with good intensity of volume, and most probably now it's going up to make higher highs and higher lows, bkp is also formed in daily time frame, once it crosses mid bollinger then it would be a more effective as presumed, there are little resistances at 55.25 & at 60-62, above that it can fly more freely towards 100+ range.
Wave Structure is likely to be
Retracement levels
Macd in daily positive crossover and Uptick
Bullish rsi divergence
Rsi Uptick in daily
Rsi Uptick in Weekly
Bkp is formed in daily
Breakout with Good intensity of Volume in daily
Breakout with Good intensity of Volume in hourly
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
BHEL is on demand zoneBHEL is on demand zone
1. just taking support from main trendline
2. RSI showing positive divergons
BHEL Long CMP 38, SL31, TGT 50+Bhel breakout with high delivery % - Triangle pattern, Good Risk reward ratio, 1:2
BHEL - Retesting the breakout level; Long term investment BHEL - Retesting the breakout level; Long term investment.
View on BHEL Important Levels For long term:
Stop Loss 47
Buying level 57-62
Targets - 79 , 90 , 110
My View ON BHELBHEL looking good above 78.
Flag breakout pattern looking.
if sustain above 78 should hit 80-81-82++
BHEL clear-cut breakout. JOURNEY TOWARDS 80+++BHEL has given a breakout on daily and weekly charts, after long consolidation has it moved past the 56 levels. Can be seen travelling towards 73 and in long time frame towards 180. Fundamentally changes have been made in the management, new project wins and book renewal can impact this stock.
HODL for BHEL ka jalwa!
BHEL - Swing Trade - Weekly chartThis analysis is done purely on basis of price action and chart patterns.
The analysis is done on weekly TF hence it can take couple of days to couple of weeks/months to reach the target.
The image is self explanatory.
Range for entry, SL and Target is shown in image itself.
Since this is a stock of NIFTY ENERGY index, one can refer the weekly chart of NIFTY ENERGY as well.
This analysis is for study purpose.
Traders must do their own study before entering into any trade. Traders should trade with their own risk capacity and money management.
Feel Free to comment for any query or suggestion regarding this stock or Price Action Analysis/Chart Study
Check out my previous analysis on this stock. Idea is linked below.
