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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 2024-03-18 View latest technical analysis

10 day averaged volume of Bharat Heavy is 60224803

Date	Daily Closing Price	Open	High	Low	Volume
18 Mon Mar 2024	224.30	216.75	226.90	213.40	0.513 times
15 Fri Mar 2024	216.75	225.50	227.70	207.10	0.873 times
14 Thu Mar 2024	226.45	224.80	232.30	221.95	0.636 times
13 Wed Mar 2024	225.30	245.00	246.25	222.05	0.702 times
12 Tue Mar 2024	244.10	255.00	255.85	243.15	0.464 times
11 Mon Mar 2024	254.55	259.10	259.55	253.65	0.343 times
07 Thu Mar 2024	257.50	256.75	261.05	254.80	0.434 times
06 Wed Mar 2024	255.20	270.70	272.00	249.60	1.358 times
05 Tue Mar 2024	265.80	265.50	271.70	254.70	1.064 times
04 Mon Mar 2024	264.55	237.10	275.85	237.10	4.089 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 221.1 as stoploss in an intra day buy trade for a target of 235.98. However, stock will show a bearish move below 221.1.

Share price targets for Bharat Heavy (BHEL)

Target Type	Value
Downside Target	120.70
Downside Target	165.80
Downside Target	176.50
Downside Target	191.85
Downside Target	199.70
Downside Target	207.10
Downside Target	213.40
Downside Target	219.75
Upside Target	226.90
Upside Target	233.80
Upside Target	238.00
Upside Target	243.25
Upside Target	259.55
Upside Target	275.85

Intraday share price targets for Bharat Heavy (BHEL)

Target Type	Value
Downside Intraday Target	216.17
Downside Intraday Target	208.03
Upside Intraday Target	229.67
Upside Intraday Target	235.03
Downside Intraday Target	221.53

Weekly technical analysis of Bharat Heavy (BHEL)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Mon Mar 2024	224.30	216.75	226.90	213.40	0.17 times
15 Fri Mar 2024	216.75	259.10	259.55	207.10	0.434 times
07 Thu Mar 2024	257.50	237.10	275.85	237.10	1.596 times
02 Sat Mar 2024	235.90	229.80	238.00	219.75	2.523 times
23 Fri Feb 2024	229.60	226.65	233.80	220.05	0.556 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
18 Mon Mar 2024	224.30	230.00	275.85	207.10	0.934 times
29 Thu Feb 2024	227.55	230.50	243.25	201.35	0.773 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

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 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 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 SELL. Signal strength is Strong 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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

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

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 251.04 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 negative.

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