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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 2024-05-21 View latest technical analysis

10 day averaged volume of Bharat Heavy is 22937724

Date	Daily Closing Price	Open	High	Low	Volume
21 Tue May 2024	319.20	311.90	322.50	308.40	1.843 times
18 Sat May 2024	310.35	302.10	313.00	302.00	0.432 times
17 Fri May 2024	299.90	295.40	301.80	293.80	0.903 times
16 Thu May 2024	294.80	293.60	297.00	287.50	0.708 times
15 Wed May 2024	291.35	289.40	293.20	288.10	0.671 times
14 Tue May 2024	288.25	284.00	289.40	282.00	0.787 times
13 Mon May 2024	283.30	274.40	286.30	267.30	1.376 times
10 Fri May 2024	274.30	274.95	276.80	267.05	1.168 times
09 Thu May 2024	273.15	286.65	286.65	270.95	1.142 times
08 Wed May 2024	286.30	280.00	290.65	278.65	1.328 times

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 318.2, for a target of 300.7 or 286.05

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	254.50
Downside Target	267.05
Downside Target	274.80
Downside Target	281.45
Downside Target	308.40
Downside Target	308.60
Downside Target	313.00
Downside Target	318.30
Upside Target	322.50

Intraday share price targets for Bharat Heavy (BHEL)

Target Type	Value
Downside Intraday Target	310.9
Downside Intraday Target	302.6
Upside Intraday Target	325
Upside Intraday Target	330.8
Downside Intraday Target	316.7

Weekly technical analysis of Bharat Heavy (BHEL)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Tue May 2024	319.20	311.90	322.50	308.40	0.378 times
18 Sat May 2024	310.35	274.40	313.00	267.30	0.605 times
10 Fri May 2024	274.30	308.15	308.60	267.05	0.824 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

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
21 Tue May 2024	319.20	283.10	322.50	267.05	1.362 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 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 SELL signal in short term but selling 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 292.2 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.