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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
Bharat Heavy Electricals (BHEL) Long Trade Setup on RisologicalTrade Setup: A long trade setup has been identified with entry and target levels charted. As of now, none of the targets have been reached. Entry Point: ₹229.73 Stop Loss (SL): ₹220.21 Target Levels (Take Profit): TP1: ₹241.48 TP2: ₹260.51 TP3: ₹279.53 TP4: ₹291.29 Technical Indicators: Risological Trend Line (Dotted Line): The dotted trend line acts as dynamic support, helping to confirm the bullish momentum. If price continues to respect this line, it may support a potential upward move toward the targets. Volume Analysis: Current volume stands at 29.44M, higher than the 30-day average volume of 19.17M, indicating increased trading interest and potential momentum in favor of this setup. Fundamental Context: With the next earnings report scheduled in 100 days, this setup is primarily based on technical indicators and market momentum. The solid market capitalization of ₹800.18B indicates BHEL’s stable position, possibly attracting institutional interest. Outlook : Watching for price action near the Risological Trend Line. If volume sustains and price respects this support, there’s a high probability of achieving TP1 and moving towards higher targets. Traders should monitor price reaction near TP1 for any signs of resistance or breakout continuation.
NSE:BHELLong
by ProfitsNinja
BHEL - Approaching Key Support Zone (Swing Trade Setup)BHEL is currently approaching a major support zone around the 220-230 range , which has held strong in the past (highlighted by the blue arrows). This zone has provided multiple bounces previously, and it will be crucial to see how the price reacts here. Support Zone: 220-230 range Current Price: 223.70 Entry Strategy: I’ll be watching for a bullish or green daily candle to form near the support zone. Once that happens, I’ll look for a 15-minute candle to break the high of the bullish daily candle to confirm my entry. RSI Insight: The RSI is currently around 24.44 , suggesting the stock is in oversold territory, which could increase the likelihood of a bounce from the support zone. If the support holds and we get a confirmed bullish daily candle , combined with the RSI in oversold territory, this could set up for a solid swing trade. Disclaimer: This post is for educational purposes only and not financial advice. Always manage your risk and trade responsibly.
NSE:BHELLong
by gupshupblog
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 SYMMETRICALPATTERNHello Welcome to this analysis about BHEL, we are looking at daily timeframe perspectives. BHEL in recent times heavily decreased with bearishness however it now moved into an oversold condition. BHEL is developing here that will be a decisive factor in the upcoming times. I discovered the main formation BHEL is developing here that will be a decisive factor in the upcoming times. As when looking at my chart now we can watch there how BHEL has emerged with this key BHEL SYMMETRICAL PATTERN marked in my chart with the black boundaries. BHEL is near support region which is an important support and also psychological support-mark together with the lower-boundary of the BHELSYMMETRICAL PATTERN a pullback In this manner, thank you for watching my update-analysis about BHEL and its major BHEL SYMMETRICAL PATTERN with the determining factors we need to consider in upcoming times, support the analysis with a like and follow or comment for more market insight!
NSE:BHELLong
by shanechart
BHEL- Portfolio Stock - Long Term View Hey everyone, I consider NSE:BHEL for my Portfolio stock. Will explain everything why I am considering this stock in my Portfolio and what will be My entry Point. Key Factors ================ 1- BHEL has offered partnerships at its 16 manufacturing facilities across the country 2-Company has 14000 acres land parcels at different towns and cities in India. Taking conservative per acre land price at Rs 50 lakhs, the land value is pegged at Rs. 7000 Cr. Further, company has Rs. 5000 Cr cash. So total value of land + cash is Rs. 12000 Cr. Currently company market cap at Rs. 7700 Cr. 3-BHEL has floated an expression of interest form foreign companies to use its idle facilities to set up manufacturing of electrical equipment, solar modules, lithium ion cells, transportation equipment, LCD panels. Can be a big beneficiary of companies looking to diversify manufacturing from China post covid 19. 4-BHEL has mainly fallen due to fall in sales and increase in inventory and trade receivables. 5-BHEL stock has declined 66 per cent in the past one year due to weak power demand, delay in new orders and deteriorating receivables position. The stock offers an attractive risk-reward profile with its current market cap at Rs 8,300 crore against FY19 cash and cash equivalent of Rs 7,503 crore. The stock, with a dividend yield of 8.5 per cent, is currently trading at 0.3 times its book value. Considering its net assets of Rs 35,810 crore as on FY19 and outstanding shares of Rs 348 crore, Fundamental View =================== www.dropbox.com Technical View ==================== BHEL strongest support and demand zone is near about 8-12 rupees. There is lot of confirmation on this price and this is the best price we can get in Upcoming years. We should need to consider a long position from this price.
NSE:BHELLong
by CodeViser
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