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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 2024-05-29 View latest technical analysis

10 day averaged volume of Bharat Heavy is 27759539

Date	Daily Closing Price	Open	High	Low	Volume
29 Wed May 2024	294.10	291.00	296.95	288.65	0.542 times
28 Tue May 2024	291.50	299.90	300.90	290.50	0.803 times
27 Mon May 2024	298.55	307.25	307.45	296.80	0.955 times
24 Fri May 2024	305.65	304.80	310.20	302.40	0.819 times
23 Thu May 2024	304.80	303.85	308.70	300.50	0.957 times
22 Wed May 2024	301.95	302.00	309.65	295.00	2.699 times
21 Tue May 2024	319.20	311.90	322.50	308.40	1.523 times
18 Sat May 2024	310.35	302.10	313.00	302.00	0.357 times
17 Fri May 2024	299.90	295.40	301.80	293.80	0.746 times
16 Thu May 2024	294.80	293.60	297.00	287.50	0.585 times

My analysis of stock is bearish for shortterm, and stock might move down till 282.7 or till 268.9. Use a stoploss of 294.22 and if the stock hits stoploss, then it can shoot up till 305.74

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	267.05
Downside Target	274.80
Downside Target	284.80
Upside Target	295.00
Upside Target	307.45
Upside Target	308.60
Upside Target	313.00
Upside Target	318.30
Upside Target	322.50

Intraday share price targets for Bharat Heavy (BHEL)

Target Type	Value
Downside Intraday Target	286.02
Downside Intraday Target	277.93
Upside Intraday Target	304.82
Upside Intraday Target	315.53
Upside Intraday Target	296.73

Weekly technical analysis of Bharat Heavy (BHEL)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Wed May 2024	294.10	307.25	307.45	288.65	0.383 times
24 Fri May 2024	305.65	311.90	322.50	295.00	1.488 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

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
29 Wed May 2024	294.10	283.10	322.50	267.05	1.853 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, and volume has increased substantially. This means that the move can 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 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 Weak 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 getting stronger in this stock.

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 SELL signal for Bharat Heavy in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up 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 303.29 and Bharat Heavy (BHEL) stock is trading below this level. This means that stock is falling with high volumes. 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.