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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 2024-03-04 View latest technical analysis

10 day averaged volume of Bharat Heavy is 35376020

Date	Daily Closing Price	Open	High	Low	Volume
04 Mon Mar 2024	264.55	237.10	275.85	237.10	6.961 times
02 Sat Mar 2024	235.90	236.55	238.00	235.65	0.064 times
01 Fri Mar 2024	235.30	230.00	237.35	229.60	1.003 times
29 Thu Feb 2024	227.55	225.85	233.00	219.75	4.265 times
28 Wed Feb 2024	224.70	223.65	230.45	221.00	1.037 times
27 Tue Feb 2024	222.60	228.05	228.40	221.75	0.636 times
26 Mon Feb 2024	228.05	229.80	232.15	226.25	0.404 times
23 Fri Feb 2024	229.60	229.45	233.75	228.50	0.607 times
22 Thu Feb 2024	228.50	224.00	229.40	220.95	0.707 times
21 Wed Feb 2024	221.90	232.00	232.35	220.05	0.627 times

Stock of Bharat Heavy (BHEL) has showed a significant upmove. This could be a good time to enter in this stock!

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 250.2, for a target of 238.4 or 228.65

Share price targets for Bharat Heavy (BHEL)

Target Type	Value
Downside Target	120.70
Downside Target	165.80
Downside Target	176.50
Downside Target	191.85
Downside Target	199.70
Downside Target	217.35
Downside Target	229.60
Downside Target	237.10
Downside Target	238.00
Downside Target	243.25
Upside Target	275.85

Intraday share price targets for Bharat Heavy (BHEL)

Target Type	Value
Downside Intraday Target	242.48
Downside Intraday Target	220.42
Upside Intraday Target	281.23
Upside Intraday Target	297.92
Downside Intraday Target	259.17

Weekly technical analysis of Bharat Heavy (BHEL)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Mon Mar 2024	264.55	237.10	275.85	237.10	0.94 times
02 Sat Mar 2024	235.90	229.80	238.00	219.75	2.523 times
23 Fri Feb 2024	229.60	226.65	233.80	220.05	0.556 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

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
04 Mon Mar 2024	264.55	230.00	275.85	229.60	0.397 times
29 Thu Feb 2024	227.55	230.50	243.25	201.35	0.773 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

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 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 243.39 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.