BHEL: Long setup for swing/ shorttermas per chart we can see long setup fro swing or short term position, add in your Watch list, wait for confirmation.
BHEL trade ideas
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
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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
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Technical View
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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.
BHEL -- LongBHEL Analysis -- BHEL has been one of the beaten-down stock in PSU universe. The stock has taken support in the zone of 41-42 multiple times over the past 3 months indicating that a strong base is formed around this zone and breaching this zone is difficult considering the Govt's proposal to disinvest some stakes and/or monetizing the assets in PSU's we can see huge value unlocking in BHEL over the course of time.
Technical Analysis -- Per data available in NSE, there has been study raise in trading volumes/ delivery and OI increase at current levels indicating that the downside would be limited and the upside is huge favoring the bulls.
Conclusion -- Basis the above analysis - One can make this stock as a portfolio basis the risk appetite.
BHEL (Bharat Heavy Electricals Limited) BUY ABOVE 47BHEL (Bharat Heavy Electricals Limited) BUY ABOVE 47
BHEL (Bharat Heavy Electricals Limited) SELL BELOW 44BHEL (Bharat Heavy Electricals Limited) SELL BELOW 44
RSI Divergence on 4H BHELThere is an bearish divergence on BHEL even though there were large gap ups. The stock is expected to consolidate
BHEL EXPECTED MOVE THIS MY EXPECTED MOVE AS AM ANALYSISNG ON MY OWN WAY , THIS NOT SUGGESTION TRY YOUR OWN METHODS
Expecting the Price will come down to 40 Expecting the Price will come down to 40..Seeing High Open interest @ 40 PE .
Bullish Shark Pattern on daily chart of BHELBullish Shark Pattern on daily chart of BHEL.
Note : This Chart is only for Educational Purpose and Not a Trade Recommendation.
BHEL#BHEL now bounced from support price and trading in uptrend channel pattern if Stock hold 70.5 resistance level we can see upside toward 74-76 level as per chart and if break 67.8 level we can see downside toward 64 levels.
I Think good point to purchase BHEl at 68. 1. It is FNO share
2. It has started moving Up & just crossed one of my indicator
3. good point to buy & can have profit up to 2 RS.
4. 1st target 70 stop loss 66.50
5. 2nd target 71.25
BHELPrice at the downslope trendline resistance, so if we are to follow the trend, price should fall from current level.
