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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 2024-02-22 View latest technical analysis

10 day averaged volume of Bharat Heavy is 31445042

Date	Daily Closing Price	Open	High	Low	Volume
22 Thu Feb 2024	228.50	224.00	229.40	220.95	0.796 times
21 Wed Feb 2024	221.90	232.00	232.35	220.05	0.706 times
20 Tue Feb 2024	230.90	226.90	233.80	225.95	0.731 times
19 Mon Feb 2024	225.70	226.65	230.65	225.05	0.387 times
16 Fri Feb 2024	225.85	228.55	230.50	224.95	0.639 times
15 Thu Feb 2024	227.55	227.50	233.15	224.80	0.978 times
14 Wed Feb 2024	224.45	202.50	226.20	202.50	1.55 times
13 Tue Feb 2024	213.35	217.00	217.45	201.35	1.869 times
12 Mon Feb 2024	216.70	228.00	230.15	214.20	0.9 times
09 Fri Feb 2024	227.55	236.50	236.60	217.35	1.574 times

My analysis of stock is bullish for shortterm, and stock might move up till 232 or till 238.6. Use a stoploss of 226.53 and if this stock hits its stoploss, then it can fall down till 221.05

Share price targets for Bharat Heavy (BHEL)

Target Type	Value
Downside Target	113.50
Downside Target	120.70
Downside Target	133.75
Downside Target	165.80
Downside Target	176.50
Downside Target	191.85
Downside Target	199.70
Downside Target	217.35
Downside Target	225.50
Upside Target	233.15
Upside Target	233.80
Upside Target	234.45
Upside Target	235.70
Upside Target	243.25

Intraday share price targets for Bharat Heavy (BHEL)

Target Type	Value
Downside Intraday Target	221.1
Downside Intraday Target	213.7
Upside Intraday Target	234.85
Upside Intraday Target	241.2
Downside Intraday Target	227.45

Weekly technical analysis of Bharat Heavy (BHEL)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Thu Feb 2024	228.50	226.65	233.80	220.05	0.441 times
16 Fri Feb 2024	225.85	228.00	233.15	201.35	1.303 times
09 Fri Feb 2024	227.55	234.65	243.25	217.35	0.975 times
02 Fri Feb 2024	233.80	221.00	235.70	219.90	1.078 times
25 Thu Jan 2024	219.90	224.50	225.50	200.70	0.435 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
22 Thu Feb 2024	228.50	230.50	243.25	201.35	0.508 times
31 Wed Jan 2024	228.25	199.00	234.45	191.85	1.432 times
29 Fri Dec 2023	193.55	171.35	199.70	165.80	0.863 times
30 Thu Nov 2023	170.45	121.30	176.50	120.70	2.056 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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 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 BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 223.24 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 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 positive

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