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dravya
Mar 23, 2017 5:25 PM

BEML - WEEKLY RESISTANCE / TRIPLE TOP Long

BEML LTDNSE

Description

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
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