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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 2024-06-04 View latest technical analysis

10 day averaged volume of Bharat Heavy is 30514863

Date	Daily Closing Price	Open	High	Low	Volume
04 Tue Jun 2024	246.55	311.05	311.05	224.05	4.023 times
03 Mon Jun 2024	311.45	320.00	321.00	308.15	1.106 times
31 Fri May 2024	298.90	292.40	300.60	288.55	0.916 times
30 Thu May 2024	290.75	293.70	295.30	289.30	0.428 times
29 Wed May 2024	294.10	291.00	296.95	288.65	0.493 times
28 Tue May 2024	291.50	299.90	300.90	290.50	0.731 times
27 Mon May 2024	298.55	307.25	307.45	296.80	0.869 times
24 Fri May 2024	305.65	304.80	310.20	302.40	0.745 times
23 Thu May 2024	304.80	303.85	308.70	300.50	0.871 times
22 Wed May 2024	301.95	302.00	309.65	295.00	2.456 times

Stock of Bharat Heavy (BHEL) has showed a significant fall. This could be a good time to exit from this stock.

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 258.8, for a target of 277.6 or 293.26

Share price targets for Bharat Heavy (BHEL)

Target Type	Value
Downside Target	201.35
Downside Target	207.10
Downside Target	224.05
Downside Target	243.25
Upside Target	267.05
Upside Target	275.85
Upside Target	284.80
Upside Target	295.00
Upside Target	307.45
Upside Target	313.00
Upside Target	321.00
Upside Target	322.50

Intraday share price targets for Bharat Heavy (BHEL)

Target Type	Value
Downside Intraday Target	206.73
Downside Intraday Target	166.92
Upside Intraday Target	303.68
Upside Intraday Target	360.82
Upside Intraday Target	263.87

Weekly technical analysis of Bharat Heavy (BHEL)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Tue Jun 2024	246.55	320.00	321.00	224.05	1.492 times
31 Fri May 2024	298.90	307.25	307.45	288.55	0.63 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

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
04 Tue Jun 2024	246.55	320.00	321.00	224.05	0.208 times
31 Fri May 2024	298.90	283.10	322.50	267.05	1.96 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

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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Bharat Heavy ( (BHEL) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 gaining momentum.

MACD generated a SELL signal for Bharat Heavy in short term but the sell signal is initial and weak.

Bharat Heavy Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

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

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 283.82 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.