BHEL
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Bharat Heavy Electricals (BHEL) Long Trade Setup on Risological

Trade Setup: A long trade setup has been identified with entry and target levels charted. As of now, none of the targets have been reached.

Entry Point: ₹229.73
Stop Loss (SL): ₹220.21

Target Levels (Take Profit):

  • TP1: ₹241.48
  • TP2: ₹260.51
  • TP3: ₹279.53
  • TP4: ₹291.29


Technical Indicators:

Risological Trend Line (Dotted Line): The dotted trend line acts as dynamic support, helping to confirm the bullish momentum. If price continues to respect this line, it may support a potential upward move toward the targets.

Volume Analysis: Current volume stands at 29.44M, higher than the 30-day average volume of 19.17M, indicating increased trading interest and potential momentum in favor of this setup.

Fundamental Context: With the next earnings report scheduled in 100 days, this setup is primarily based on technical indicators and market momentum. The solid market capitalization of ₹800.18B indicates BHEL’s stable position, possibly attracting institutional interest.

Outlook: Watching for price action near the Risological Trend Line. If volume sustains and price respects this support, there’s a high probability of achieving TP1 and moving towards higher targets. Traders should monitor price reaction near TP1 for any signs of resistance or breakout continuation.






注释
Take Profit 1 (TP1) done!
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- Indicator used on my charts> Risological.com

- Accurate Entry, Stoploss and Take Profit levels on all charts

- NO Repaint!

- Consistent profits

- Detect and avoid Sideways Market

- Works on all markets and all time frames.
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