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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 2024-05-02 View latest technical analysis

10 day averaged volume of Bharat Heavy is 19334771

Date	Daily Closing Price	Open	High	Low	Volume
02 Thu May 2024	292.70	283.10	300.25	282.15	2.71 times
30 Tue Apr 2024	281.70	278.70	284.80	277.40	1.295 times
29 Mon Apr 2024	276.90	281.90	281.90	274.80	0.853 times
26 Fri Apr 2024	278.85	274.45	281.45	274.25	1.738 times
25 Thu Apr 2024	271.60	265.00	273.90	264.10	1.533 times
24 Wed Apr 2024	264.05	261.45	265.40	258.15	0.774 times
23 Tue Apr 2024	260.15	260.00	264.00	259.60	0.646 times
22 Mon Apr 2024	259.35	257.45	261.00	254.50	0.638 times
19 Fri Apr 2024	254.55	250.75	256.35	246.25	0.873 times
18 Thu Apr 2024	253.20	259.60	263.00	251.70	0.907 times

Stock of Bharat Heavy (BHEL) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 287.6, for a target of 274 or 262.75

Share price targets for Bharat Heavy (BHEL)

Target Type	Value
Downside Target	191.85
Downside Target	201.35
Downside Target	207.10
Downside Target	234.45
Downside Target	243.25
Downside Target	253.35
Downside Target	263.00
Downside Target	269.20
Downside Target	274.80
Downside Target	281.45
Downside Target	282.15
Downside Target	284.80
Upside Target	300.25

Intraday share price targets for Bharat Heavy (BHEL)

Target Type	Value
Downside Intraday Target	278.25
Downside Intraday Target	263.8
Upside Intraday Target	303.7
Upside Intraday Target	314.7
Downside Intraday Target	289.25

Weekly technical analysis of Bharat Heavy (BHEL)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Thu May 2024	292.70	281.90	300.25	274.80	0.912 times
26 Fri Apr 2024	278.85	257.45	281.45	254.50	1.473 times
19 Fri Apr 2024	254.55	254.20	263.00	246.25	0.832 times
12 Fri Apr 2024	262.50	255.75	269.20	253.35	0.989 times
05 Fri Apr 2024	254.95	249.00	256.90	247.45	1.342 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
02 Thu May 2024	292.70	283.10	300.25	282.15	0.137 times
30 Tue Apr 2024	281.70	249.00	284.80	246.25	0.461 times
28 Thu Mar 2024	247.30	230.00	275.85	207.10	1.161 times
29 Thu Feb 2024	227.55	230.50	243.25	201.35	0.773 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 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 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 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 Strong and stock is gaining momentum.

MACD generated a BUY signal for Bharat Heavy in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Bharat Heavy Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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 and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY 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 274.5 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 rising upwards.

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.