BHEL#BHEL
Has given TL breakout will very good volumes.
trading above 20 EMA
Closing above 56.5, no looking back.
SL : 52.5 DCB
BHEL trade ideas
BHEL LONG viewBHEL broke the trendline and is ready to move towards it's previous high as it is currently moving in a big channel.
1:2 Risk to reward ratio.
Trade safe. Manage risk. Be profitable.
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Bhel Long - SwingBhel Long - Swing
Good for swing trading ( 15-20days)
CMP 53.75
Target 64, 76+
SL 43.5
BHEL looks attractive and showing signals of trend reversal.BHEL is PSU which is into engineering and manufacturing capability across several core sectors, including power generation and transmission, transportation, renewables, water, oil & gas and defense & aerospace. X/2 Entry can be taken in BHEL at CMP and second SIP of X/2 entry can be taken above 57 closing. The target for BHEL will be 61.8 and 65.85. In a long run BHEL can even reach 70.5 if it is able to give an above par quarterly result or two. Stop loss should be maintained at closing below 44. It is a company with Zero Promoter pledge. MFs have increased their stake in BHEL in the last quarter or so.
BHEL BUY analysis - Babu SankaranBharat Heavy Electricals Limited buy above the marked long position. BUY above 58 Rs and Target 76 SL 50%.
BHELBHEL looking good if weekly or daily candle closes above the trendline
Short term Target- 75-80rs
Long tern Target- 110-120
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BHEL - LONG TRADEIt can be good choice for swing trade for a couple of weeks if it breaks the downward trend-line followed from 13 Oct 2021.
For this stock 60.7 acts as a crucial level from May 2004.
The Stock is at a trend line support
Trade Details:
Trade Active : When trend Line breaks
Entry: below 63
Stop Loss: Below Trend line
Targets: 66, 69.7, 74, 77
Holding Period: at least 2-3 weeks
Use trailing Stop Loss: Keep Stop Loss below the target , once the stock is going for next target.
Happy Investing :)
BHARAT HEAVY ELECTRICALS LTD - BHEL(NSE) | ASCENDING TRIANGLEBHARAT HEAVY ELECTRICALS LTD - BHEL(NSE) has been forming an Ascending Triangle since May 2021. A bounce-back from the bottom boundary of the triangle can be a good buy signal, keeping the green top line of the triangle as the target. On the other hand, if a long red candle cuts the triangle downwards, an Intraday Short Selling can be performed, keeping the target as 55. Apart from the aforementioned possibilities, if a long candle cuts the green top boundary of the triangle upwards, it can be considered as an excellent long term buying opportunity, keeping the target as 333, which may yield a return of 566% in less than 2 years! A historic price movement from the blue dashed line, i.e., 50 till 333, as indicated by the yellow curved arrow sets the seal on it.
BHEL breakoutBHEL has given breakout with increase in volume .
on daily time frame is has given closing above 50EMA .
Technical PickSince majority of the indicator has a bearish views at the current price level, there is much more probability that stock price would fall more.
"Above Idea is for study purpose only, please consult your financial advisor before taking any position."
BHELDiagonal trendline is broken and price is set to break horizontal resistance level. On day timeframe morning star is formed. You can go long on proper confirmation.
BHEL (LONG)BHEL is following a trendline
Good to buy near this trend line
BUY @ 63
BUY more @ 56
Keep SL 49
Safe to buy only at 56
TGT 77-80-90
Positional Trade
Must Correlate yourself also on charts before taking an entry. This is for Educational purposes only. Please consult your Financial advisor before investing.
Bullish flag pattern in bhelIn day time frame bullsih flag pattern is forming with support of 200Ema, possible breakout in bhel
BHEL DAILY CHART Bhel had re tested its breakout . 68 support , should held , if mkt is supportive then can give big rally like TATA POWER
Bhel pitchfork One can buy at lower end of blue line n keep n eye of red line break out for target of 100
Bhel Bhel short covering shown in optra
Monthly reversal strated in September
Reversal monthly fibb
Buy at every dip support
BHEL - BUYBHEL -
Daily RSI - 70 on the over bought zone
However its on an Uptrend
Weekly RSI - 60 so still holds good to see the below target :)
1st Target - 68
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