BHEL - Ascending Triangle - Long
已更新
Hi Friends,
Pranam!!!
We are going to analysis the BHEL Ltd !!!
The script was accumulation phase currently where the EMA200 was flat and script was trading above the EMA200.
The EMA50-EMA79 was turn to be dynamic resistance at 58-58.45
The support of the script was at 50 where as the resistance at 61, 71 and 78.
In weekly the script was taken the dynamic support at 50-52 range and currently the script was in the uptrend forming Higher highs and Higher Lows.
The stochastic RSI in daily and 2HR TF was in oversold range and in weekly TF it was in the overbought range.
MACD of daily and 2hr TF was in FLAT and in weekly the same was in the bearish side.
ATR Volatility in Daily and 2HR TF was in down whreas the in weekly it was very high.
CPR in daily TF was in the bearish bias and the CPR many act as resistance.
AT the support range, bullish reversal candlestick pattern of Engulfing was formed.
In 2hr TF, the script was forming in the ascending triangle pattern along with buildup at the resistance zone.
Based on the above we came to the conclusion that the script was in the bullish view.
Entry - CMP
SL - 52.20 - 1ATR of DTF. (for Long-term)
For Short term:
Entry: CMP
SL - 54-1ATR of 2HR
target - 61
If like our analysis, support us by pressing the bell icon.
Pranam!!!
We are going to analysis the BHEL Ltd !!!
The script was accumulation phase currently where the EMA200 was flat and script was trading above the EMA200.
The EMA50-EMA79 was turn to be dynamic resistance at 58-58.45
The support of the script was at 50 where as the resistance at 61, 71 and 78.
In weekly the script was taken the dynamic support at 50-52 range and currently the script was in the uptrend forming Higher highs and Higher Lows.
The stochastic RSI in daily and 2HR TF was in oversold range and in weekly TF it was in the overbought range.
MACD of daily and 2hr TF was in FLAT and in weekly the same was in the bearish side.
ATR Volatility in Daily and 2HR TF was in down whreas the in weekly it was very high.
CPR in daily TF was in the bearish bias and the CPR many act as resistance.
AT the support range, bullish reversal candlestick pattern of Engulfing was formed.
In 2hr TF, the script was forming in the ascending triangle pattern along with buildup at the resistance zone.
Based on the above we came to the conclusion that the script was in the bullish view.
Entry - CMP
SL - 52.20 - 1ATR of DTF. (for Long-term)
For Short term:
Entry: CMP
SL - 54-1ATR of 2HR
target - 61
If like our analysis, support us by pressing the bell icon.
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Trade active on 08-Sep-2021 @ 55.85SL - 50
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