BHEL trade ideas
BHELThis is a bullish indicator because it signifies the stock is closing above weekly's High....Trg-140.
BhelNSE:BHEL
Today Bhel strong move down (-4.00) (-2.88%). We took short at 136.60 for the target of 132.35 .
Happy trading.
Ascending Triangle : Waiting for BreakoutWe have an ascending triangle pattern in BHEL and I'm expecting upside breakout today but that means doubletop will fail & gladly yesterday I didn't enter doubletop. So I'm free to enter based on triangle on any directional breakout in Bhel
If you watch closely, we have double top formation with RSI divergence within triangle.
Ascending triangles breakout in upper direction in that case Double top will be failure. Rarely they breakout downside.
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Happy Trading !!
BHEL - WAVE 3 IN PROGRESS (BUY)It continuing its Wave 3 and now looks much positive and bullish after new breakout from 146 levels. I believe it may touch 160-163 levels in Aug series.
LONG BHELFlirting with 200DMA. If breached, no resistance in sight till 163 levels. Maintain stoploss at 135.
It has shown good breakout from resistance level of 135.
BHELThis stock after long consolidation ready to breakout, wait for good entry point for long side. expected price movement shown on daily chart
BHEL FLAG PATTERN FOR LONG TRADETHERE IS FLAG PATTERN BUY IF PRICE BREAK FLAG ON UPSIDE ..TARGETS MENTION ON CHART.
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TRADE WITH CARE
REGARDS
KING999
BUY BHELStock is having resistance at 118, and is showing a triangle trend.. Breakout highly possible, target 135
BHEL AT BUYING ZONE POINTS NOTED ON DAILY CHART,
1. Bullish Divergence of previous support
2. Trendline confirmation
3. Breaking news to support buyers, (BHEL bags 5600cr order in Tamil Nadu)
BHEL - TWO in one!BHEL : Two in one, not only did BHEL breakout of triangle but also it completed leg D of bearish cypher pattern, now that we have reversed with big candle, i expect stock to visit breakout point of triangle which is also 61.80% FIB retracement, should turn out to be good opportunity of buy, just keep a tab for learning!
