BHEL trade ideas
BHEL break OutBHEL its good company ,Long time after stock break trend line , I am expecting good moment , upcoming weeks
Breaking Out from a Strong resitance keep this stock in radar, now price breaking out.............................................
BHEL near break outBHEL looks absolutely mouth watering!
near it long term resistance of 80-83 levels.
short term, it has formed cup and handle pattern - very bullish.
If its break 82 and closes the day above 82, can take entry.
T1 - 92
T2 - 100
SL - 78
BHELbhel BREAKOUT . more VOLUME more CONFIRMATION . 1:3 risk reward ... MORE TIME U GIVE MORE RETURN GENERATE .. RSI ABOve 65 monthly or weakly or daily .
BHEL BHEL - Dow theory accompanied with Monthly breakout at Ichimoku cloud.
Targets and SL can be followed according the fibonacci levels.
BHEL Forming Cup and Handle patternGood technical signal given by BHEL.
Strong breakout of the channel with good volumes.
BHEL*BHEL*
C&H Pattern: Weekly Basis
MultiYear Trendline/C&H: Price BreakOut
Vol. Consolidation/Further BuiltUp
*With Upside, Trail SL*
*Book Profit as per Risk Appetite*
*Snapshot*
GOI owned (63.17%), India’s largest Engineering Co. Into Supply of Equipment for power plants. Products include gas turbines, generators, thermal sets, diesel shunters, turbo sets, hydro sets, power transformers, switch gears, circuit breakers / boilers. Also manufactures compressors, valves, rectifiers, pumps, capacitors, oil rigs /castings/ forgings.
In Q2FY23, booked new orders of Rs 14511 Crs. Total O/s orderbook stands at Rs.106,376 Crs for 30th Sep’22.
Net debt was at Rs.5680 Crs.
RoA/ROE/RoCE turned +ve in FY22 vs. -ve in FY21.
C&CE of ~Rs.2400 Crs for FY22 / Low utilisation of FB Bank Lines.
Trade Receivables Down 8% YoY/ 6% QoQ, to Rs.6600 Crs.
FII Stake Up since Dec’21 /DII Stakes Up since Jun’22.
*Concern:*
In Q2FY23, Revenue grew 0.4% YoY to Rs. 4928 Crs. EBITDA was -ve at Rs.244 Crs, PAT at Rs.10 Crs (tax refunds).
High dependence on Power Sector. To mitigate, Co. diversifying.
Slow execution of Projects.
*Do Your Own Research as Well. This is Just an Opinion.*
Happy Investing :)
Breakout in Monthly ChartIn the last few months, a very good amt of shares has been accumulated by biggies and the same thing we could see in the above chart and highlighted. The breakout happened in the monthly chart, Now it has started the upward journey. It will take time to move and reach the target as the above chart drew with Monthly timeframe.
BHEL - Wait and WatchBHEL is in consolidation phase and trading in a range ahead of its result. If results are good there will be profit booking however if it breaks on upper side nearest TGT - 80 and then 82. On Lower side breakdown, it may touch 70 and then 67. Be cautious while trading with SL as per your appetite and risk bearing capacity.
BHEL - Positional Cash BuyBHEL - Monthly chart looks highly bullish.
Buy above 44.5 (Neck point of Harmonic analysis) for targets as follows
Bearish BAT Pattern target - 67.5 to 68.0. At this point, we might see a small reversal so once can book 50% profits at this level.
After a reversal, once it crosses 67.5 again, re-enter with the same 50% again.
Bearish Crab pattern target - 108 to 110.
Safe SL will be 35 on a monthly close basis.
Aggressive SL will be 30 on a monthly close basis.
My personal view - Chart looking very bullish after many many many years.
Dis:- Holding from less than 30 levels over last 4 months & huge quantity too.
BHARAT HEAVY ELECT rend Line Breakout *BHARAT HEAVY ELECT*
Time Frame: Daily
Observation:
* Trend Line Breakout
* Supply zone Breakout
Resistance/Target: 74 83 92 97
Support: 59 54
BHEL Elliott Wave Analysis BHEL above Close trendline Good for Holdings..
Next target 0.382 Levels 88 target..
BHEL - All set to test the ~5 years resistance trendline In weekly timeframe, BHEL resistance trendline from 2018 till now itgot 3 times and out of that 2 with good volumes in last 2 years.
It broke the triangle pattern around 50 and consolidated nicely moved to 60+...
Now, it set to test the 5 years trendline around 69-71. Intesting scrip to watch in next 3-4 weeks.
Note: This is just educational purpose not recommendations at allp
BHELL LEVELS...W CANDLE 24.08.2022BHELL now weekly breakout, so we expect good momentum in long term
BHEL_DailyBharat Heavy Electrical Limited is an Indian government owned engineering and manufacturing enterprise based in New Delhi, India. It is under the ownership of Ministry of Heavy Industries, Government of India. Established in 1956, BHEL is India's largest power generation equipment manufacturer.
Only for educational purpose.
BHEL Buy this BHEL(puri)Good breakout and good risk reward ratio...stoploss is nearby too...less risk for large reward
Bhel bulishBhel looking very bullish, best buy at 45 with SL 40 and Target T1 50, T2 55
3 months duration
BHEL - Consolidation PhaseBHEL is in downward trend on monthly, weekly and daily charts.
Currently it is in consolidation phase. Breakout possible if it stays above 55-57 levels for 2-3 days, then target of 60-62 can be seen.
On lower side it needs to break 49-48 levels for target of 44-43.
Trade with caution after today's intraday move.
BHEL - Purely Technical Pick - long term investment BHEL - Purely Technical Pick - long term investment. Volume supported buying observed. Levels as shown on the chart.
BHEL Price target and chartChart is self explanatory.. Targets mag vary due to unforeseen events.chart and price Target for study purpose.for investment decision pl.consult your financial consultant.
