stocknocks

BEML Analysis with support and resistance

Long
NSE:BEML   BEML LTD
SYMBOL: BEML

Triangle pattern breakout soon

1. Bullish market structure
2. TRENDLINE SHOWN ON ABOVE CHART GO FOR HIGHER TF.
3. Trendline breakout Heading For R1: ~1366+
4. Good Market Sentiment
5. Perfect Triangle pattern / Consolidation zone 1280 to 1360 (stock for longer tf)
6. Target:
Short term: 1394+
Mid-Term: 1457+
Long-Term:1520++

7. IF BREAKS THE TRENDLINE THE TARGET WILL BE AS FOLLOW :

1240 / 1216 / 1185 / 1128 These PRICE can be +-3/5 RS As Charts are not always so clean

8. You can go to smaller time frame for more details.



Disclaimer: we are not SEBI registered, this is only for education purpose so please take advise from your financial advisor, invest at your own risk.

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