"FLAG(Pennant) breakout BEML" by trader praveen.bhatiya — published 2016-12-22

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BEML LTD (NSE:BEML)

NSE:BEML BEML LTD

FLAG BEML NIFTY LONG Pennant Volume Indicator

flag beml nifty long pennant volume

The stock has formed a beautiful pole and gave breakout today after 8 days of consolidation with good volume . It fulfills all the criteria for a valid FLAG ( Pennant ) pattern One can enter long for a target of 1010.

Trade closed: target reached: Trade closed on the target price of 1010.

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