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ashishjain14361
Jul 29, 2018 1:20 PM

probable end of downtrend Long

BEML LTDNSE

Description

beml was forming a lower low pattern but the difference between each lower low is decreasing by each swing which represents that bear strength is reducing and the stock is ready for some upmove.

Comment

it gave a breakout of the trendline so good to go long

Comment

first target is 855

Comment

first target done trail stoploss to cost

Comment

second target 885

Comment

second target done

Comment

third target 900

Comment

fourth and final target is 920

Comment

third target also done in a day

Comment

positional players can look for targets of 960/1000

Trade closed: target reached

positional players keep trailing stoploss
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