NeeteshJain
Long

BEML BREAKS RESISTANCE LEVEL

BSE:BEML   BEML LTD
673 views
15
673 10
It is been observed that the price action breaks above the current resistance levels 1245, indicating buyers in control of the price action. Now, it shall move further up to next resistance level .

Target: 1300

Stoploss: 1230

Trade active
Comment: Breakout from 15 Mins chart, now it shall move further up.



Regards
Trade active
Comment: Consolidation, Breakout, Consolidation, Gap Filled , Breakout, now look forward for a rally to upside.



Regards
Trade active
Comment: Breaking Crucial Resistance levels,



Regards
Hi Neetesh, its 1200 now still it can trace back?
Reply
NeeteshJain akshay.lakhina
@akshay.lakhina, Yes, once it closes above 1240 levels. Regards
Reply
Hello Neetesh, any update on this for making new positions. Thanks.
+2 Reply
NeeteshJain FIROZMANIA
@FIROZMANIA, Yes, it is still active trade and shall do well in coming days. Regards
+1 Reply
FIROZMANIA NeeteshJain
@NeeteshJain, Okay. Thanks!
Reply
sir, your technicals are very good, pl check Bodal Chemical...i am expecting will say LONG
+1 Reply
@rajarao.d, Alright, Bodal Chemical is consolidating, breakout above 138 levels shall trigger further buy. If you already have a position in it then you can keep a stop loss at 130 levels. Thanks for your generous words. Regards
+1 Reply
should we exit as its 12329 now
+1 Reply
NeeteshJain SaurabhSrivastava28
@SaurabhSrivastava28, No, it is still active. The price action has breached the stoploss but it has not yet closed below it on hourly or daily chart, until that happens, the majority buyers are still in control. Regards
+1 Reply
@NeeteshJain, thanks for the guidance sir .. holding it
+1 Reply
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