BHEL LONG INTRADAY 18 Mar,2021Dear trader,
If u look at the chart of BHEL (analysis based intraday only) the BHEL support at 52 and Target at 58 and Stop loss at 46.
The chart clearly indicates Bullish Trend you can also see the candle stick patters for more indepth analysis.
In Intraday most important thing is to enter and exit points.
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BHEL
Chart Study- ABFRL, BHEL, ITC, EDELWEISS, INFRATEL, BOSCHLTDThe analysis done below is purely based on price action & chart patterns.
Double Bottom (W) Pattern is a popular chart pattern in price action trading.
In ABFRL chart (Daily TF) that I have shared here, traders can note that the second bottom is formed above the first bottom. (same is described with help of small image in the chart)
In such cases where the second bottom is formed above the first bottom, the price usually breaks the next resistance level which is above the starting point of "W" pattern. (for clarity, refer the W pattern drawn in the box).
Same has happened in ABFRL twice.
I have observed similar patterns in formation in following stocks -
(1) ITC
(2) INFRATEL
(3) EDELWEISS
(4) BHEL
(5) BOSCH
Weekly Charts of above stocks are posted here with potential targets.
Traders can enter into the trade as per their own setup & risk management.
Also, pls comment the name of any other stock which is forming similar pattern.
BHEL Long | Cup and Handle BreakoutAs you can see in NSE:BHEL Chart CUP and Handle Pattern form and Handles trendline is break out with strong bullish candle.
You can buy with current price or wait for another break out of CUP top.
Risk is low but the profit is double, if you follow the strict stop loss.
Risk Reward 1:2
BUY : @Current Price OR @44.60
STOP LOSS : @33.80
First Target : @56.65
Second Target : @66.15
BHEL- Failure of cup and handle1. This is a good stock at affordable price. Investors can look for this stock, current movement is bearish.
here I have drawn cup and handle pattern, where target could have been 70 if neckline was broken at 45.
now with help of fibonacci I have drawn probable retracement levels
2. RSI is in Oversold trajectory.
3. 200EMA resistance
Entry level :31-35
Exit :
1st at Neckline, 45
2nd at 67
USDCHF | SWING - 15 Sep. 2020Hello my friend | Welcome Back.
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The Swiss franc is at a support area, which is an area to buy in the event that the support is not broken, it may head towards the upside, the resistance.
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Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
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The information given is not a Financial Advice.
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