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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 2024-08-29 View latest technical analysis

10 day averaged volume of Bharat Heavy is 9144200

Date	Daily Closing Price	Open	High	Low	Volume
29 Thu Aug 2024	291.00	294.95	294.95	287.10	1.203 times
28 Wed Aug 2024	294.60	298.00	298.75	293.95	0.72 times
27 Tue Aug 2024	297.80	298.90	299.80	296.60	0.744 times
26 Mon Aug 2024	297.30	297.75	304.00	294.60	1.702 times
23 Fri Aug 2024	296.20	299.95	301.35	295.25	0.823 times
22 Thu Aug 2024	299.65	298.00	302.50	296.85	1.322 times
21 Wed Aug 2024	296.65	296.30	297.70	294.85	0.536 times
20 Tue Aug 2024	296.40	294.35	296.90	291.65	0.811 times
19 Mon Aug 2024	293.75	297.90	299.50	293.35	1.073 times
16 Fri Aug 2024	296.55	293.00	297.65	289.30	1.107 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 291.5, but if it comes above 291.5, then a intra day buy could be more profitable.
If you take a sell trade below 291.5, then use 291.5 as stoploss and 285.4 as target. However if you take a buy trade in stock , then use 291.5 as stoploss and 296.63 as target.

Share price targets for Bharat Heavy (BHEL)

Target Type	Value
Downside Target	224.05
Downside Target	246.25
Downside Target	267.05
Downside Target	283.00
Upside Target	300.60
Upside Target	304.00
Upside Target	305.80
Upside Target	319.95
Upside Target	321.00
Upside Target	322.50
Upside Target	327.00
Upside Target	335.35

Intraday share price targets for Bharat Heavy (BHEL)

Target Type	Value
Downside Intraday Target	284.07
Downside Intraday Target	277.13
Upside Intraday Target	300.97
Upside Intraday Target	310.93
Upside Intraday Target	294.03

Weekly technical analysis of Bharat Heavy (BHEL)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Thu Aug 2024	291.00	297.75	304.00	287.10	0.957 times
23 Fri Aug 2024	296.20	297.90	302.50	291.65	0.947 times
16 Fri Aug 2024	296.55	300.05	302.65	286.30	0.507 times
09 Fri Aug 2024	302.20	292.00	305.80	285.00	0.792 times
02 Fri Aug 2024	301.65	327.00	327.00	300.60	0.84 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 Thu Aug 2024	291.00	314.70	319.95	285.00	0.458 times
31 Wed Jul 2024	315.25	301.95	335.35	283.00	0.827 times
28 Fri Jun 2024	300.85	320.00	321.00	224.05	0.891 times
31 Fri May 2024	298.90	283.10	322.50	267.05	1.96 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 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 term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Bharat Heavy ( (BHEL) ) based on a short to mid 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 mid to longer term time period is neutral. A longer time frame might give a better analysis.

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 and the sell signal is strong.

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 getting stronger in this stock.

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 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 296.04 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.