Watch out for triangle breakout in 2 days.Buy above 31, sell below 26.
Watchout for triangle breakout in the coming days.
Downtrend is not strong as before, hence there will be consolidation before moving up. View negates if it goes below 26.
BHEL trade ideas
BHEL ! BUY ?Yes , here BHEL on his support level so study it!
Personal advice:-
Buy :- 28.20
SL :- 26
Limit :- 36
Note :- Do not go with my advice , study a trade !
Hello i am Zeel Goswami,
Here on my profile you can get best positional & swing trade
Thank you
BHEL looks positiveWide Bullish diversion can be seen on RSI.
price respecting the Vertical yellow line.
declined Purple colour line breakout can be seen.
RSI positive
macd positve crossver.
Target 1. 30.30
Target 2. 32.15
Target 3. 34.80
Target 4. 39.10
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 MAKING A DIVERGENCE AND BASE FORMATION TO MOVE UPBHEL has completed wave 2 of elliott and making a divergence - possibly a base and getting prepared for the move up in wave 3. As Elliott practitioners know WAVE 3 is the biggest, let us see how much time it takes to reach 55
BHEL LOOK FOR MAJOR BUYthere is good opportunity here for attractive buying for long term, this C wave can be pretty long.
thanks
tc!
Bullish Morning Star in BHELThis analysis is for swing trading/positional trading. Purely based on Price action & candle stick patterns
Strategy on Daily Time Frame with entry, SL and Targets are given in image itself.
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
Bhel big move expected Head and Shoulder patternBhel big move expected Head and Shoulder pattern in daily time frame kindly keep a watch and share you view point if you disagree
BHEL can give a multi bagger stock?buy BHEL around 36 levels for target 45, 60
Long term it will be multi bagger
Bhel Long target of 47+We are not SEBI registered Profit loss is yours..
We are here just present our view on maket and stocks.....
BHEL : 31 AUG 20 :WHAT ARE THE OPPORTUNITIES HERE?
SEE ALL MY PUBLICATIONS, IF IT SEEMS TO BE THE PROFIT RAINING THEN ONLY LIKE AND SHARE WITH YOUR NEAR AND DEARS.
1. DAILY HIGH IS AT UPPER B BAND.
2. BEAUTIFUL TRIANGLE FORMATION.
3. HIGH VOLATILITY IN LAST TRADING DAY.
4. 42 IS THE MAIN RESISTANCE AREA FOR DAILY CHART.
5. SELL BELOW 41.5 IS A JACKPOT.
MY SINCERE THANKS TO MY GURUS TRADING PANTHULU AND NAYAN POKARKAR
BHEL Cup & HandleBHEL forms consecutive 2 series of Cup & Handle patterns with neckline of 42.5 & 44.5 respectively.
So once neckline of 42.5 is broken with high volumes, Target1 of 47, Target2 of 59 & Target3 of 71 should be sought.
BHEL ::: LONGDATE: 30 AUG 2020
INSTRUMENT: BHEL
TIME FRAME: WEEK
FOR CONFIRMATION: DAY
INDICATORS USED:
PARABOLIC SAR: BELOW CANDLE - CONFIRMING BULLISH TREND
STOCHASTICS: FAST LINE CUTTING FROM BELOW - CONFIRMING BULLISH TREND
ICHIMIKO: PRICE ABOVE TENKAN SEN AND CLOSED CROSSING SPAN A - CONFIRMING SLOW UP MOVE FOR A TARGET OF 54.
RISK DISCLOSURE :
Technical analysis of FOREX and INDIAN MARKETS. We are not SEBI REGISTERED ANALYSTS The views expressed here are for our record purposes only. Please consult your personal financial advisor before investing. We are in no way responsible for your profits/losses what so ever.
Multi bagger BHEL CUP & HANDLE BREAKOUT Target 65 levelsBHEL Super Bullish & Cup & Handle Pattern Breakout
Can be bought at CMP levels or above 44 for Safe Players for Short term
Target 65 to 68
Stop Loss 34 on Closing Basis
BHELBHEL is forming a pennant, with low volumes, on break out should give the following target
Target 1 - 42
Ambitious Target - 47
SL- Below the lower trend line or resistance on breakout.
Disclaimer
These trading ideas, please do more technical analysis and enter at you own risks.
breakout of 20 Day flat movementEMA 50 Bounce
Breakout of 20 day resistance
Volume spotted
I will try for a short tf entry.
BHEL 4HRBearish BAT
Red lines r Daily Resistance & Support, Green Lines r 4hr Resistnce & Support..
Horizontal BLACK DOTTED lines r High & Low of ULTRA HIGH Volume CANDLE .Vertical dotted line is ULTRA HIGH VOLUME i.e SMART MONEY
ULTRA HIGH VOLUME for going SHORT we need LOW VOLUMES in the area of ULTRA HIGH VOLUME BAR. as High volume shows interest to the upside from “Smart Money” so prices may go higher.
IF Price breaks ULTRA HIGH VOLUME Candle LOW with LOW VOLUMES & with NO DEMAND l.e place for short
POTENTIAL SELL
