BHARAT HEAVY ELECTRICALS LTDBHEL (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 the design, engineering, manufacture, construction, testing, commissioning and servicing of a wide range of products, services and systems for core sectors of the economy, viz. Power Generation, Transmission, Industry, Transportation, Renewable Energy, Oil & Gas, Water, Defence & Aerospace, and E-Mobility & Energy Storage Solutions.
Bharat Heavy Electricals Limited (BHEL) is a celebration of India's industrial achievements. It is established in 1964. It is one of India's largest engineering and manufacturing enterprises in the energy and infrastructure sectors and a leading power equipment manufacturer globally.
All the entities of the company are accredited to ISO 9001:2015, Quality Management Systems, with major manufacturing units also accredited to Environmental Management Systems, ISO 14001:2015, and Occupational Health & Safety Management Systems, OHSAS 18001:2007.
Business area of the company The company is one of the largest engineering and manufacturing companies of its kind in India, engaged in the design, engineering, manufacture, construction, testing, commissioning and servicing of a wide range of products, services and systems for core sectors of the economy, viz. Power Generation, Transmission, Industry, Transportation, Renewable Energy, Oil & Gas, Water, Defence & Aerospace, and E-Mobility & Energy Storage Solutions.
Products & Services
• Thermal Power Plants
• Nuclear Power Plants
• Gas-Based Power Plants
• Hydro Power Plants
• Solar Power System
• DG Power Plants
• Boilers
• Desalination And Water Treatment Plants
Boiler Auxiliaries
• Soot Blowers
• Valves
• Piping Systems
• Seamless Steel Tubes
• Steam Turbines
• Turbogenerators
• Industrial Sets
• Castings And Forgings • Condenser And Heat Exchangers
• Pumps
• Compressors
• Solar Photovoltaics
• Automation And Control Systems
• Transmission Systems Control • Software System Solution
• Switchgear
• On Load Tap Changers (OLTC)
• LT Switchgear & Bus Ducts
• Transformers & Reactors
• Capacitors
• Bushings
• Control Gear
• Insulators
• Electrical Machines
• Transportation Systems
• Transportation Equipment • Energy Storage System & E-Mobility
• Oil Field Equipment
• Fabricated Packages Equipments
BHEL trade ideas
BHEL - Ready for the next lapWe 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 previous Rejection zone with good volume support. All key parameters like Relative Strength, Buying pressure and Money Flow are positive. Now the stocks is ready to go to the next lap of the up move.
BHEL ready for downside move 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 our SL if trailing SL hit exit from long trade and initiate sell trade ,
BHELNSE:BHEL
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose