dravya

BEML - WEEKLY RESISTANCE / TRIPLE TOP

Long
NSE:BEML   BEML LTD
The stock has been consolidating near the weekly highs.

That is unlike the previous 2 occasions it reached there where we saw immediate reversal.

That, according to me indicates that there may be even more buying in the coming days and stock might give a good breakout.
Comment: can be taken for delivery too for 6-12 months horizon.
Comment: forming a flag. look for the action on the trendline.
we might see rally-base-rally ( for a longer-term )
Comment: Went 4 % up crossing the white line.
Comment: going good :D