BEML is in the bull trend, taking support at the major trendline, with the confluence of moving average ( acting as support along with the major trendline).
Forming a small triangle inside a major triangle.
ENTRY & REWARD: A Breakout from the triangle trading range is the entry point and we can aim for a reward of a measured move of 16% which is a sharp up move that occurred prior to the trading range.
RISK: Is 4% from entry price, below trading range.
BEML is one of the crazy stocks it can reach our target price in INTRADAY if move with such momentum.
Not a trade recommendation.
Do your own analysis.