BHEL trade ideas
BHELBHEL is forming a pennant, with low volumes, on break out should give the following target
Target 1 - 42
Ambitious Target - 47
SL- Below the lower trend line or resistance on breakout.
Disclaimer
These trading ideas, please do more technical analysis and enter at you own risks.
breakout of 20 Day flat movementEMA 50 Bounce
Breakout of 20 day resistance
Volume spotted
I will try for a short tf entry.
BHEL 4HRBearish BAT
Red lines r Daily Resistance & Support, Green Lines r 4hr Resistnce & Support..
Horizontal BLACK DOTTED lines r High & Low of ULTRA HIGH Volume CANDLE .Vertical dotted line is ULTRA HIGH VOLUME i.e SMART MONEY
ULTRA HIGH VOLUME for going SHORT we need LOW VOLUMES in the area of ULTRA HIGH VOLUME BAR. as High volume shows interest to the upside from “Smart Money” so prices may go higher.
IF Price breaks ULTRA HIGH VOLUME Candle LOW with LOW VOLUMES & with NO DEMAND l.e place for short
POTENTIAL SELL
BHEL 45MNTwo Strong BEARISH Patterns BAT & AB=CD Forming Strong POTENTIAL REVERSAL ZONE
Horizontal BLACK DOTTED lines r High & Low of ULTRA HIGH Volume CANDLE .Vertical dotted line is ULTRA HIGH VOLUME i.e SMART MONEY
ULTRA HIGH VOLUME for going SHORT we need LOW VOLUMES in the area of ULTRA HIGH VOLUME BAR. as High volume shows interest to the upside from “Smart Money” so prices may go higher.
SET UP BECOMES VALID ONLY when Price breaks ULTRA HIGH VOLUME Candle LOW with LOW VOLUMES & with NO DEMAND l.e place for short
POTENTIAL SELL
BHEL 1HRTwo Strong BEARISH Patterns BAT & AB=CD Forming Strong POTENTIAL REVERSAL ZONE
Horizontal BLACK DOTTED lines r High & Low of ULTRA HIGH Volume CANDLE .Vertical dotted line is ULTRA HIGH VOLUME i.e SMART MONEY
ULTRA HIGH VOLUME for going SHORT we need LOW VOLUMES in the area of ULTRA HIGH VOLUME BAR. as High volume shows interest to the upside from “Smart Money” so prices may go higher.
SET UP BECOMES VALID ONLY when RSI s below 70 and IF Price breaks ULTRA HIGH VOLUME Candle LOW with LOW VOLUMES & with NO DEMAND l.e place for short
POTENTIAL SELL
BHELNSE:BHEL
THIS LOOKS PROMISING TO GIVE A MOVE, THE OI CHAIN LOOKS GOOD.
IT CAN BE ENTERED WITH STOP LOSS OF 40, AND CONSERVATIVE ONES CAN OPT FOR 40.50
THE UPMOVE CAN BE SEEN TO 41.50, 43 AND 44.50
KEEP TRAILING THE STOP LOSSES
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
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BHEL - Breaking out. Pure technical buyCup and Handle pattern indicated
Previous time frames Indicate white Soldiers indicating an uptrend . Awaiting next candle for confirmation
Buy above 40.10 as various resistances and supported by pivot
Height of cup 25.80
Target 44.40 , 47.75
Rsi 59
Stoch, 40,27
Buy BHEL for Atmanirbhar Bharat rallyBHEL is ready to rally due to Make in India focus announced on Independence day speech... all defence and assosciated will rally like BDL and BEL. as they both already rallied may be bhel will rally on monday
Bhel Analysis
Weekly Analysis:
Flag Pattern, respecting fib 38.2% level. One more candle to decide either side breakup.
Upside if break 44.10 then can go to 52 in a week.
Downside if break 41.10/40.60 then Target is 35.
Cup & Handle is being formedCup has already been formed. Handle is being formed. It can be a good buying opportunity.
BHEL Swing TradeSeen range breakout and can reach first target within 1 - 2 days.
For educational and training purpose only.
4 hour Time Frame looking good!Confluence of the Trifecta is normally a good enough indication for me to enter a trade ..
Macro outlook described earlier .. as mentioned after 60 is when this should pick up speed . till then play the levels .
