BHEL (LONG)BHEL is following a trendline
Good to buy near this trend line
BUY @ 63
BUY more @ 56
Keep SL 49
Safe to buy only at 56
TGT 77-80-90
Positional Trade
Must Correlate yourself also on charts before taking an entry. This is for Educational purposes only. Please consult your Financial advisor before investing.
BHEL trade ideas
BHEL looks like coming back to form...Might hit a sixer.BHEL after giving a dream run has been on the sidelines for some time.. It has completed a Bullish Bat pattern on Daily Timeframe and the Price action confirmation on 27th Aug suggests its raring to go again. The RSI is also confirming Bullishness with a Breakout of the Trendline.
BHEL , Buy for target of 64It seems that stock has bottomed out and there is buying interest coming in the stock.
Buy BHEL at current levels and Keep stop loss of 51 on days closing basis.
Target for the stock will be 64-65 (15.4% - 17.2%).
Keep a view of 3 months, buy and hold the stock
**Ideas are my own** Take risk as per your risk taking appetite**
BHEL SYMMETRICALPATTERNHello
Welcome to this analysis about BHEL, we are looking at daily timeframe perspectives. BHEL in recent times heavily decreased with bearishness however it now moved into an oversold condition. BHEL is developing here that will be a decisive factor in the upcoming times. I discovered the main formation BHEL is developing here that will be a decisive factor in the upcoming times. As when looking at my chart now we can watch there how BHEL has emerged with this key BHEL SYMMETRICAL PATTERN marked in my chart with the black boundaries. BHEL is near support region which is an important support and also psychological support-mark together with the lower-boundary of the BHELSYMMETRICAL PATTERN a pullback
In this manner, thank you for watching my update-analysis about BHEL and its major BHEL SYMMETRICAL PATTERN with the determining factors we need to consider in upcoming times, support the analysis with a like and follow or comment for more market insight!