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(BHEL) Bharat Heavy complete technical analysis [charts+indicators] | Buy/Sell Bharat Heavy | (BHEL) share price targets

Complete technical analysis of Bharat Heavy (BHEL) by charts plus indicators, forecast predictions and share price targets for Bharat Heavy (BHEL)

Bharat Heavy trades in NSE in Heavy Electrical Equipment sector.

Showing technical analysis as on 2024-02-21 View latest technical analysis

10 day averaged volume of Bharat Heavy is 31255424

Date	Daily Closing Price	Open	High	Low	Volume
21 Wed Feb 2024	221.90	232.00	232.35	220.05	0.71 times
20 Tue Feb 2024	230.90	226.90	233.80	225.95	0.736 times
19 Mon Feb 2024	225.70	226.65	230.65	225.05	0.39 times
16 Fri Feb 2024	225.85	228.55	230.50	224.95	0.643 times
15 Thu Feb 2024	227.55	227.50	233.15	224.80	0.984 times
14 Wed Feb 2024	224.45	202.50	226.20	202.50	1.559 times
13 Tue Feb 2024	213.35	217.00	217.45	201.35	1.881 times
12 Mon Feb 2024	216.70	228.00	230.15	214.20	0.905 times
09 Fri Feb 2024	227.55	236.50	236.60	217.35	1.584 times
08 Thu Feb 2024	230.80	232.00	236.95	229.75	0.669 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 219.1 as stoploss in an intra day buy trade for a target of 225.6. However, stock will show a bearish move below 219.1.

Share price targets for Bharat Heavy (BHEL)

Target Type	Value
Downside Target	113.50
Downside Target	120.70
Downside Target	133.75
Downside Target	165.80
Downside Target	176.50
Downside Target	191.85
Downside Target	199.70
Downside Target	217.35
Upside Target	225.50
Upside Target	233.15
Upside Target	233.80
Upside Target	234.45
Upside Target	235.70
Upside Target	243.25

Intraday share price targets for Bharat Heavy (BHEL)

Target Type	Value
Downside Intraday Target	216.7
Downside Intraday Target	211.5
Upside Intraday Target	230.45
Upside Intraday Target	239
Upside Intraday Target	225.25

Weekly technical analysis of Bharat Heavy (BHEL)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Wed Feb 2024	221.90	226.65	233.80	220.05	0.307 times
16 Fri Feb 2024	225.85	228.00	233.15	201.35	1.303 times
09 Fri Feb 2024	227.55	234.65	243.25	217.35	0.975 times
02 Fri Feb 2024	233.80	221.00	235.70	219.90	1.078 times
25 Thu Jan 2024	219.90	224.50	225.50	200.70	0.435 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Bharat Heavy (BHEL)

Date	Monthly Closing Price	Open	High	Low	Volume
21 Wed Feb 2024	221.90	230.50	243.25	201.35	0.481 times
31 Wed Jan 2024	228.25	199.00	234.45	191.85	1.432 times
29 Fri Dec 2023	193.55	171.35	199.70	165.80	0.863 times
30 Thu Nov 2023	170.45	121.30	176.50	120.70	2.056 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Bharat Heavy (BHEL)

Price action analysis of Bharat Heavy ( (BHEL) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Bharat Heavy ( (BHEL) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Bharat Heavy ( (BHEL) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Bharat Heavy ( (BHEL) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Bharat Heavy stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Bharat Heavy in short term but the sell signal is initial and weak.

Bharat Heavy Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Bharat Heavy in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Bharat Heavy is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 223.32 and Bharat Heavy (BHEL) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Bharat Heavy (BHEL) stock. Volume based technical analysis of Bharat Heavy (BHEL) stock is negative.

Bharat Heavy Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.