It can be good choice for swing trade for a couple of weeks if it breaks the downward trend-line followed from 13 Oct 2021. For this stock 60.7 acts as a crucial level from May 2004. The Stock is at a trend line support Trade Details: Trade Active : When trend Line breaks Entry: below 63 Stop Loss: Below Trend line Targets: 66, 69.7, 74, 77 ...
BHEL has given breakout with increase in volume . on daily time frame is has given closing above 50EMA .
Diagonal trendline is broken and price is set to break horizontal resistance level. On day timeframe morning star is formed. You can go long on proper confirmation.
BHEL - Daily RSI - 70 on the over bought zone However its on an Uptrend Weekly RSI - 60 so still holds good to see the below target :) 1st Target - 68 Please Like & Follow :)
Bhel down phase ended now it's time to a big move... it might be next sail fibonacci short term target 1: 81 and target 2: 90
It 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 could be a good candidate for short term investment pick, the stock fell to 78.6% retracement of the last rise and then developed positive divergence in rsi along with trendline breakout with good intensity of volume, and most probably now it's going up to make higher highs and higher lows, bkp is also formed in daily time frame, once it crosses mid bollinger...
BHEL is on demand zone 1. just taking support from main trendline 2. RSI showing positive divergons
buy on dip best small risk only paatan down only power 57 above show
Bhel breakout with high delivery % - Triangle pattern, Good Risk reward ratio, 1:2
BULISH ON THE STOCK BHEL. I WLL BUY NOW AND 20% TARGET IN NEXT 2 TO 3 MONTH.
BHEL - Retesting the breakout level; Long term investment.
Important Levels For long term: Stop Loss 47 Buying level 57-62 Targets - 79 , 90 , 110
BHEL EQUITY levels ...15/06/2021 (W candle)