BHEL trade ideas
BHEL - Swing Trade - Weekly chartThis analysis is done purely on basis of price action and chart patterns.
The analysis is done on weekly TF hence it can take couple of days to couple of weeks/months to reach the target.
The image is self explanatory.
Range for entry, SL and Target is shown in image itself.
Since this is a stock of NIFTY ENERGY index, one can refer the weekly chart of NIFTY ENERGY as well.
This analysis is for study purpose.
Traders must do their own study before entering into any trade. Traders should trade with their own risk capacity and money management.
Feel Free to comment for any query or suggestion regarding this stock or Price Action Analysis/Chart Study
Check out my previous analysis on this stock. Idea is linked below.
BHEL Long above Rs 57Inverse Head & Shoulder pattern formation on weekly charts with strong volumes!
Buy BHEL The chart speaks for itself. With RSI given an uptick or BO, the price will eventually BO of the Descending triangle. All you need is patience to hold it for upside of 15-20% atleast. It can try to achieve previous Swing Highs of 56odds.
BHEL Investment PickBHEL breakout after long time.. buy at CMP and add on dip till 42/43.... Sl monthly closing below 20 sma.. targets mentioned on chart...
Note :- i am not Sebi registered analyst.. before investing ask your sebi registered financial advisor..
BHEL Bullish on Multiple TimeframesBHEL has formed a higher low on weekly timeframe and this looks a wonderful opportunity with first target +@10% profit (nearest resistance) and second target +@50%
Long term BHEL SpeculationDisclaimer: The above Idea in the chart NSE:BHEL is just for educational purposes only.
Do share it if you like my idea and I'm open to suggestions as well.
thanks.
wait for falling wedge breakout for long term entrywait for falling wedge breakout for long term entry
