📢 multi-year breakout stock📢
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BHEL (1W)
CMP 152.25
Stock has given breakout and Retesting on Weekly time frame
SECTOR : Capital Goods
INDUSTRY : Engineering Industrial Equipments
MARKET CAP : 53,014.41 cr.
CATEGORY : Midcap
PE : 743.85
INDUSTRY PE : 39.46
About Company
The company is one of the largest engineering and manufacturing companies of its kind in India, engaged in...
bhel breakout at 148 it can retrace at this point again & then start next trend
or here a trendline at 150 it can retrace 150
it can face next resistance at rsi 82
We have been following this stock from 83 levels in July when it formed a nice VCP pattern and was ready to move up. Then after a encountering a “BC” bar the stock was stuck inside the supply shadow of the “BC” Bar. After some consolidation and a “spring’ the stock started to recover. Now it has come out of the shadow of the “BC” bar and has crossed above the...
BHEL looks positive..
Please refer the levels for more Info
Please consult your financial advisor before investing
All research for educational purposes only.
7 yearlong breakout on monthly and weekly chart with a strong relative strength, RSI also above 60 in monthly and weekly chart Sowing a strong upward in future. for long Investment purpose.
A breakout of multiyear resistance in BHEL and retesting the resistance level makes the BHEL bullish.It can be doubled from the current levels in one year
For all trade on my Auto Harmonic patterns indicator trade setup -
Risky trades can take trade after crossing 23.6% on either side and safe traders can take trade after 41% We can start buying when our Trailing SL hit at 23.6% with SL of recent low our Target will be 41%, 78.6% , 127.2% 161.8% and 223.6 % , when reversal pattern appears on chart we have to trail...
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it's just my technical view. I'M NOT A SEBI REGISTERED ANALYST. Before taking trade or Invest consult your financial advisor.
✅Here we provide TECHNICAL Levels and Charts.💯
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Round bottom formation on monthly frame
Considering formation of round bottom at around 100
Tgt will be around180
But if we consider RB formation get completed at around 117
then
Target will be around 200
Incase handle get formed at around 100 or 117 target will be accordingly
1. Trend - Bullish
2. Strength - Strong
3. 1 day move is 12%, so that retailer can not participate and wait for retest, but before it come for retest, chances are high it may touch 180+
