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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 2024-05-06 View latest technical analysis

10 day averaged volume of Bharat Heavy is 34458425

Date	Daily Closing Price	Open	High	Low	Volume
06 Mon May 2024	288.95	308.15	308.60	281.05	1.96 times
03 Fri May 2024	305.00	296.00	318.30	294.10	3.795 times
02 Thu May 2024	292.70	283.10	300.25	282.15	1.521 times
30 Tue Apr 2024	281.70	278.70	284.80	277.40	0.727 times
29 Mon Apr 2024	276.90	281.90	281.90	274.80	0.479 times
26 Fri Apr 2024	278.85	274.45	281.45	274.25	0.975 times
25 Thu Apr 2024	271.60	265.00	273.90	264.10	0.86 times
24 Wed Apr 2024	264.05	261.45	265.40	258.15	0.434 times
23 Tue Apr 2024	260.15	260.00	264.00	259.60	0.363 times
22 Mon Apr 2024	259.35	257.45	261.00	254.50	0.358 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 282, but if it comes below 282, then a intra day sell could be more profitable.
If you take a sell trade below 282, then use 282 as stoploss and 267.25 as target. However if you take a buy trade in stock , then use 282 as stoploss and 299.8 as target.

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	284.80
Upside Target	308.60
Upside Target	318.30

Intraday share price targets for Bharat Heavy (BHEL)

Target Type	Value
Downside Intraday Target	277.13
Downside Intraday Target	265.32
Upside Intraday Target	304.68
Upside Intraday Target	320.42
Upside Intraday Target	292.87

Weekly technical analysis of Bharat Heavy (BHEL)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Mon May 2024	288.95	308.15	308.60	281.05	0.301 times
03 Fri May 2024	305.00	281.90	318.30	274.80	2.181 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

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
06 Mon May 2024	288.95	283.10	318.30	281.05	0.654 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 losing 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 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 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 288.86 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.