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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 2024-02-23 View latest technical analysis

10 day averaged volume of Bharat Heavy is 31857043

Date	Daily Closing Price	Open	High	Low	Volume
23 Fri Feb 2024	229.60	229.45	233.75	228.50	0.674 times
22 Thu Feb 2024	228.50	224.00	229.40	220.95	0.785 times
21 Wed Feb 2024	221.90	232.00	232.35	220.05	0.697 times
20 Tue Feb 2024	230.90	226.90	233.80	225.95	0.722 times
19 Mon Feb 2024	225.70	226.65	230.65	225.05	0.382 times
16 Fri Feb 2024	225.85	228.55	230.50	224.95	0.631 times
15 Thu Feb 2024	227.55	227.50	233.15	224.80	0.966 times
14 Wed Feb 2024	224.45	202.50	226.20	202.50	1.53 times
13 Tue Feb 2024	213.35	217.00	217.45	201.35	1.845 times
12 Mon Feb 2024	216.70	228.00	230.15	214.20	0.888 times

My analysis of stock is bullish for shortterm, and stock might move up till 232.3 or till 238.7. Use a stoploss of 227.02 and if this stock hits its stoploss, then it can fall down till 221.72

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
Downside 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	221.83
Downside Intraday Target	214.07
Upside Intraday Target	235.58
Upside Intraday Target	241.57
Downside Intraday Target	227.82

Weekly technical analysis of Bharat Heavy (BHEL)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Fri Feb 2024	229.60	226.65	233.80	220.05	0.556 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 up 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
23 Fri Feb 2024	229.60	230.50	243.25	201.35	0.531 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 up 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Bharat Heavy ( (BHEL) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on 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 BUY. Signal strength is Weak and stock is gaining momentum.

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

Bharat Heavy Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Bharat Heavy in short term and BUY signal is strong.

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 222.97 and Bharat Heavy (BHEL) stock is trading above this level. This is a good sign for the stock and it could move higher. 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 is giving positive 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.