BHARAT HEAVY ELECT

NSE

BHEL

Bhel is best candidate to long. made bullish divergence.

SELL

#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.

buy and hold for long term

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

Price at the downslope trendline resistance, so if we are to follow the trend, price should fall from current level.

Intraday Buy @ 66-69 (once confirmation of a bullish strong candle) TP: 72.8 SL: 64.8

NSE: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

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Description and levels in the chart

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.

For me it looks it will go down and going above 74 is very difficult

As per the indicator wait for the Blue candle and then enter for a Buy.

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 ....

Facing resistance at Cloud & 38.2 % fibo level

BHEL 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...

Resistance 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.

In 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.