BHEL trade ideas
BHEL
Round bottom formation on monthly frame
Considering formation of round bottom at around 100
Tgt will be around180
But if we consider RB formation get completed at around 117
then
Target will be around 200
Incase handle get formed at around 100 or 117 target will be accordingly
BHEL Approaching a resistance in Short term BHEL is approaching a resistance in short time frame. Short termers, please watch.
Bhel Trade plan for 180+ Target1. Trend - Bullish
2. Strength - Strong
3. 1 day move is 12%, so that retailer can not participate and wait for retest, but before it come for retest, chances are high it may touch 180+
BHEL Break Out On Monthly and Weekly ChartsBHEL is ready to go up to 60/69/74 in Medium to Long Term. Volume also confirms.
BHEL all set for 70-72 levelsBHEL all set for 70-72 levels
Symmetrical triangle breakout
time frame 3-4 months
keep sl 55
bhel 1w time frame buy @ 104.65 target @ 123, 127, 130.40 bhel 1w time frame buy @ 104.65 target @ 123, 127, 130.40
channel breakout
eisk reward 1.4
sl@86.75
BHEL clearly gearing up for 120BHEL clearly gearing up for 120 showing amazing strength in falling markets. Keep in watchlist for quick gains.
BHEL AT 9 YEAR HIGHSBHEL looking very bullish , buy at cmp , keep 3% as a stoploss and target for shortermis 10% and for longterm 100%
stock fundamentals are
PE 124
ROE 2.68%
MARKETCAP 39,922cr
💥BHEL💥- Nice Breakout💥BHEL💥- Nice Breakout
Capital to be deployed- 20k
Investing Price -107-110
Breakout Price -106
Stoploss-93
Targets-134-175
RT for max reach.
#BHEL #StocksToBuy #StocksInFocus #stocks #stockstowatch #StocksInNews #StockSpotlight
BHELNSE:BHEL
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
BHEL DAILY CHARTBHEL likely to take out its previous highs,
Time to keep an eye
Cmp 85.70 Breakout @ 88 Target 106
(its any observation & not a suggestion)
BHEL INVESTMENT TRADE WITH AMAZING RESULTS
Wave 1 and Wave 2 are complete Wave 3 is Onn
Price has formed a Demand in 6 Month chart
Define ur risk and let ur Rewards grow exponentially !!!
ENJOY THE RIDE ! ! !
Triangle Resistance BreakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Inverse head and shoulder pattern..... BHELAt the verge of breakout........... it's pattern which having 90% sucess ratio historically
70 pc gain possibleBHEL above key moving averages in long term chart. Next stop as per Fibonacci retracement is 152 in a year.
BHEL - Looking good to retake some old highsThe stock is seeing almost five year High. On the weekly we can see a a nice VCP pattern.
On the Daily chart it is coming out of the supply shadow of effectively two "BC' Bars. Today we saw a High Volume "Effort to Move up" bar. The Relative Strength is also Positive.
After a long time the stock seems to be gathering the strength move up and scale up retake some of the old highs
Breakout with confirmation candle🤫🚀Good Morning, to all the traders I believe in you that one day you gonna make it to the top just keep doing this, so now the point is that the BHEL had given breakout with a confirmation candle in weekly chart. Now there will be two targets for BHEL which we can see from the chart the 1st target might be 108-110 because there is a resistance at that area and the 2nd target might be 125-130 if it breaks the 1st resistance. Now the main question what is stop loss area for this stock so don't worry😉 the stop loss will be around 70-71 the REASON is after breakout at 79 around that area is acting as support so we can't consider it as stop loss area what if stock comes at 79 and climb back again towards the target. So that's why I choose 70-71 as a stop loss.
Personal view/analysis.😃
BHELBhel can buy on buy on this level. it is retracing after gud move. it can give target if 91 in short term. long term may have a good target.
Investment PickBHEL has given an Inverted Head and Shoulder breakout this week. Since past 5 years stock was consolidating below 82 and struggling to break this barrier. Now once can assume the down trend is over and we can expect up move in coming months. Target mentioned here are short - medium term. We will review the chart once these targets are hit.
Once can buy this stock in instalments/ SIP or on each dip. Stop loss is kept very deep as I'm expecting a huge upside. Once can change the SL as per their risk.
CMP - 83.2 W (2/6/23)
T - 100, 115 W
SL - 69 W
BHEL pending order @ 84Entry price 84
Qty 200
SL 1.5%
Placed pending buy order at 84
Waiting for order to hit for entry
SL is -1.5% from entry price
Consolidating in daily range looking for breakout setup
BHEL 15M (10/5/2023)NSE:BHEL
Hello traders ,
All important levels are drawn in the chart.Work with risk reward ratio. not taking a trade is also a trade.
A trade cant change anything keep in your mind,if you think one trade can change your life then you are doing gambling in the market.take calculated risk.
BHEL LONG-TERM TARGET INTACTBHEL LONG-TERM TARGET IS INTACT. HOLD AND WAIT.
Since the very beginning My target was 7X. Till now We Made 3x In Bhel.
If You Want To Be A Good Analyst Use Daily Weekly & Monthly Time Frame. for long-term traders (swing trade/positional)
