BHEL#BHEL now bounced from support price and trading in uptrend channel pattern if Stock hold 70.5 resistance level we can see upside toward 74-76 level as per chart and if break 67.8 level we can see downside toward 64 levels.
BHEL trade ideas
I Think good point to purchase BHEl at 68. 1. It is FNO share
2. It has started moving Up & just crossed one of my indicator
3. good point to buy & can have profit up to 2 RS.
4. 1st target 70 stop loss 66.50
5. 2nd target 71.25
BHELPrice at the downslope trendline resistance, so if we are to follow the trend, price should fall from current level.
Intraday Buy @ 66-69 , TP 72.8Intraday
Buy @ 66-69 (once confirmation of a bullish strong candle)
TP: 72.8
SL: 64.8
NSE:BHEL Sell For 29 Oct 2018NSE:BHEL
Sell initiate for 29 Oct 2018 using 30 min chart based on Fibonacci levels, check below sell level
Sell Below : 66.95
Stop Loss : 68.75
Target : 66.3
BHEL- Possible Trend ReversalSignature block is displayed to other users only if you have the active Premium plan.
BHEL 125/= BHEL counter is entering in to bullish grip.
Both DAILY + WEEKLY entering in to bullish phased & if this counter is giving closed @ 99 then monthly candle is also entering in to bullish phased.
More power is required to break the level For me it looks it will go down and going above 74 is very difficult
BHEL BUY using BUY2SELL2BUY IndicatorAs per the indicator wait for the Blue candle and then enter for a Buy.
OPTION WRITERS & SPECULATORS MAKING REGULAR MONEY..Stock is in still downtrend..
if you have already long position and long term view you may wait up to 75..
comment your view..
For more query comment below..
i ll happy to see your view, comment and feedback
And follow for such more analysis ....
RISKY INVESTMENT PICKBHEL HAS BROKEN BULL FRACTAL AND WAS UNABLE TO SUSTAIN THE UPMOVE
STOCK HAS SEEN TO CREATE STRONG DOWNSIDE BASE AROUND RS 80
TILL NOW STOCK HAS NOT BROKEN ANY BEAR FRACTAL AFTER INITIAL BREAK OF BULL FRACTAL.
BIT RISKY TO ASSUME BUY MOMENTUM STILL EXISTS SINCE IT HAS NOT BROKEN ANY OF BEAR OR BULL FRACTAL AFTER ITS 1ST BULL FRACTAL BREAK.
HENCE RISKY INVESTORS CAN ENTER LONG CMP 89.35 OR AT MONDAY OPENING RATE
STOP LOSS WOULD BE 1 TICK BELOW MONTHLY CLOSE BELOW 77 LOW
TARGET 1 : 164.5_193
TARGET 2 : 325_359
BHEL Shorting OpportunityResistance at long term trend line + Head and Shoulder pattern.
Can be a shorting opportunity, only on break of pattern.
Horizontal support can play spoil sport.
BHEL, Harmonic SharkIn connection to the earlier chart, looking at this Bearish Shark Pattern being formed, we may work on possible target provided the low is held by the bulls. Always enter the Stop Loss to save capital from unforeseen circumstances.
BHEL, Bullish Shark HarmonicA Bullish Harmonic Shark pattern seems to have been started and the price is very close to long-held support level. Have a look at the second Harmonic chart being published after this.
BHEL Weekly Outlook1.A big bearish candle after weak bear bars indicates possibility of a short trade
2.First support is present near 134 and second support near 116
BHEL buy 135.60 Target 198BHEL look good @ cmp 135.6 today stock bounce from long support with volume confirm the upmove in future our Target for next 6 month 198
Sl 129 on weekly closing basis
