BHEL trade ideas
BHEL SWING IDEA!BHEL RECENTLY CROSSED ITS MONTHLY TREND LINE AND NOW PREPARING FOR NEXT LEG OF RALLY.
NOW THE STOCK IS TRYING TO BREAK ITS 200EMA .
FIB 0.5 LEVEL ALSO SAME AS 200EMA.
HENCE IF IT CLOSES ABOVE 35 IN DAILY CHART, WE MAY CONSIDER FOR A SWING ENTRY.
go long on rectangle breakoutgo long on rectangle breakout. target 47 & 60 on the top side
SL 26 once cross 30, no looking back in this.
Watch out for triangle breakout in 2 days.Buy above 31, sell below 26.
Watchout for triangle breakout in the coming days.
Downtrend is not strong as before, hence there will be consolidation before moving up. View negates if it goes below 26.
BHEL ! BUY ?Yes , here BHEL on his support level so study it!
Personal advice:-
Buy :- 28.20
SL :- 26
Limit :- 36
Note :- Do not go with my advice , study a trade !
Hello i am Zeel Goswami,
Here on my profile you can get best positional & swing trade
Thank you
BHEL looks positiveWide Bullish diversion can be seen on RSI.
price respecting the Vertical yellow line.
declined Purple colour line breakout can be seen.
RSI positive
macd positve crossver.
Target 1. 30.30
Target 2. 32.15
Target 3. 34.80
Target 4. 39.10
BHEL Long | Cup and Handle BreakoutAs you can see in NSE:BHEL Chart CUP and Handle Pattern form and Handles trendline is break out with strong bullish candle.
You can buy with current price or wait for another break out of CUP top.
Risk is low but the profit is double, if you follow the strict stop loss.
Risk Reward 1:2
BUY : @Current Price OR @44.60
STOP LOSS : @33.80
First Target : @56.65
Second Target : @66.15
BHEL MAKING A DIVERGENCE AND BASE FORMATION TO MOVE UPBHEL has completed wave 2 of elliott and making a divergence - possibly a base and getting prepared for the move up in wave 3. As Elliott practitioners know WAVE 3 is the biggest, let us see how much time it takes to reach 55
BHEL LOOK FOR MAJOR BUYthere is good opportunity here for attractive buying for long term, this C wave can be pretty long.
thanks
tc!
Bullish Morning Star in BHELThis analysis is for swing trading/positional trading. Purely based on Price action & candle stick patterns
Strategy on Daily Time Frame with entry, SL and Targets are given in image itself.
BHEL- Failure of cup and handle1. This is a good stock at affordable price. Investors can look for this stock, current movement is bearish.
here I have drawn cup and handle pattern, where target could have been 70 if neckline was broken at 45.
now with help of fibonacci I have drawn probable retracement levels
2. RSI is in Oversold trajectory.
3. 200EMA resistance
Entry level :31-35
Exit :
1st at Neckline, 45
2nd at 67
Bhel big move expected Head and Shoulder patternBhel big move expected Head and Shoulder pattern in daily time frame kindly keep a watch and share you view point if you disagree
BHEL can give a multi bagger stock?buy BHEL around 36 levels for target 45, 60
Long term it will be multi bagger
Bhel Long target of 47+We are not SEBI registered Profit loss is yours..
We are here just present our view on maket and stocks.....
BHEL : 31 AUG 20 :WHAT ARE THE OPPORTUNITIES HERE?
SEE ALL MY PUBLICATIONS, IF IT SEEMS TO BE THE PROFIT RAINING THEN ONLY LIKE AND SHARE WITH YOUR NEAR AND DEARS.
1. DAILY HIGH IS AT UPPER B BAND.
2. BEAUTIFUL TRIANGLE FORMATION.
3. HIGH VOLATILITY IN LAST TRADING DAY.
4. 42 IS THE MAIN RESISTANCE AREA FOR DAILY CHART.
5. SELL BELOW 41.5 IS A JACKPOT.
MY SINCERE THANKS TO MY GURUS TRADING PANTHULU AND NAYAN POKARKAR
BHEL Cup & HandleBHEL forms consecutive 2 series of Cup & Handle patterns with neckline of 42.5 & 44.5 respectively.
So once neckline of 42.5 is broken with high volumes, Target1 of 47, Target2 of 59 & Target3 of 71 should be sought.
BHEL ::: LONGDATE: 30 AUG 2020
INSTRUMENT: BHEL
TIME FRAME: WEEK
FOR CONFIRMATION: DAY
INDICATORS USED:
PARABOLIC SAR: BELOW CANDLE - CONFIRMING BULLISH TREND
STOCHASTICS: FAST LINE CUTTING FROM BELOW - CONFIRMING BULLISH TREND
ICHIMIKO: PRICE ABOVE TENKAN SEN AND CLOSED CROSSING SPAN A - CONFIRMING SLOW UP MOVE FOR A TARGET OF 54.
RISK DISCLOSURE :
Technical analysis of FOREX and INDIAN MARKETS. We are not SEBI REGISTERED ANALYSTS The views expressed here are for our record purposes only. Please consult your personal financial advisor before investing. We are in no way responsible for your profits/losses what so ever.
