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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 2024-03-15 View latest technical analysis

10 day averaged volume of Bharat Heavy is 58515981

Date	Daily Closing Price	Open	High	Low	Volume
15 Fri Mar 2024	216.75	225.50	227.70	207.10	0.898 times
14 Thu Mar 2024	226.45	224.80	232.30	221.95	0.654 times
13 Wed Mar 2024	225.30	245.00	246.25	222.05	0.722 times
12 Tue Mar 2024	244.10	255.00	255.85	243.15	0.477 times
11 Mon Mar 2024	254.55	259.10	259.55	253.65	0.354 times
07 Thu Mar 2024	257.50	256.75	261.05	254.80	0.446 times
06 Wed Mar 2024	255.20	270.70	272.00	249.60	1.398 times
05 Tue Mar 2024	265.80	265.50	271.70	254.70	1.095 times
04 Mon Mar 2024	264.55	237.10	275.85	237.10	4.208 times
02 Sat Mar 2024	235.90	236.55	238.00	235.65	0.039 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 221.2, but if it comes above 221.2, then a intra day buy could be more profitable.
If you take a sell trade below 221.2, then use 221.2 as stoploss and 203.5 as target. However if you take a buy trade in stock , then use 221.2 as stoploss and 236.05 as target.

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	207.10
Upside Target	219.75
Upside Target	233.15
Upside Target	237.10
Upside Target	238.00
Upside Target	243.25
Upside Target	259.55
Upside Target	275.85

Intraday share price targets for Bharat Heavy (BHEL)

Target Type	Value
Downside Intraday Target	196.05
Downside Intraday Target	175.35
Upside Intraday Target	248.5
Upside Intraday Target	280.25
Upside Intraday Target	227.8

Weekly technical analysis of Bharat Heavy (BHEL)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Fri Mar 2024	216.75	259.10	259.55	207.10	0.434 times
07 Thu Mar 2024	257.50	237.10	275.85	237.10	1.596 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

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
15 Fri Mar 2024	216.75	230.00	275.85	207.10	0.891 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 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 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 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 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 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 252.36 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.