HarshShivlani

BEML Perfect H&S Setup

Long
NSE:BEML   BEML LTD
BEML had a perfect inverted H&S pattern with volumes confirming. Was a textbook trade, however in reality the breakout was so fast that would have been difficult to catch. Also it may have achieved half of its target with just the breakout candle.
However there might be some steam left as shown in charts.
Rather avoid it due to R:R unfavourable, but can use this as a learning for future trades. :)

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