CUP AND HANDLE PATTERN IN BHELThere is a possibility of a cup and handle pattern in BHEL.
Buying level is 30.75 - 31.50 - (61.8%) fibonacci retracement, OR you can wait until the pattern gives breakout, for a target of 47.
BHEL trade ideas
Bhel { Short D frame } POSITIONALShort if PCL breaks in W frame which can be taken as a positional trade in W - Frame . Rest as per charts
BHEL - FLAG and POLE PATTERNI've spotted out a flag and pole pattern in BHEl (15 minutes timeframe). It has all the potential to reach about the target of 40 Rs at least. One can initiate a long entry as soon as the flag gets broken.
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
