BEML LTD: Bulldozing Its Way to New Heights!
Technical Analysis:
Trend: BEML is on a bullish rampage, charging upwards like a bull in a china shop... if the china shop were full of profit opportunities!
Breakout: The stock just smashed through resistance at 4,777.90, showing more strength than a bodybuilder at a protein shake convention.
Support: Previous...
-Long base BO then
Elections results create volatility but
Setting up again:
-Recovered fast with volumes then red candle on low vol n bounced from 10 ema
-Defence stocks are making good setups
-Good shakeout of 21 ema
-tightness
Railway stocks can breakout again if price closes and sustains above 7115
1) IRCTC
2) CONCOR
3) IRFC
4) RVNL
5) RITES
6) BEML
7) TITAGARH
8) RAILTEL
9) IRCON
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments...
Trading Strategy : Stock has given a breakout of the formation of cup and handle . One should buy the stock near the current level i.e. 2015 and keeping a stop loss of 1675 , look for the target of 2900-3000 in the coming weeks and months.
Buy: CMP
Stop loss : 1675
Targets:
Tgt 1: 2900-3000
Theory:
The Cup with Handle is a bullish continuation pattern that...
BUY - BEML LTD
CMP - Rs. 1512
Target - 1: Rs. 2000
Target - 2: Rs. 2275
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Technicals - Cup and Handle Pattern
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Note: Both Targets will be achieved within 1 year.
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This is just a view by an expert analyst, please invest at your own risk.
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BLAL is a proxy Real estate investment...
The company owns 125 Acre in Bangalore, 400 Acre in Mysore, Flats and Apartments in Mumbai, Delhi, Kerala, Goa etc
Currently @160 Rs/share * 4.17cr shares the total value of the company itself is around 667cr
whereas, only the Bangalore land is worth more than 2400cr (20sites/acre * 1200sqft/site * 125acre *...
Stock Name - BEML Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 1505
#This is not Buy and Sell recommendation to any one. This is for education purpose...
BEML:- Head and shoulder pattern is formed wait for breakout till then keep your eye
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the...
#BEML dont forget this gem. Very good structure formation
Seems ready for CnH completion CMP 1529
Buy with 1450 as SL on closing basis.
Tgt 1640/1900/2040
#BEML Defence stocks are on fire.
Stock is forming CnH in weekly TF which is very promising
SL is bit deep at around 1700
CMP 1828
Upside potential 20-45%
Inverse Head and Shoulders
This pattern forms after an extensive downside rally. It consists of a left shoulder, a head, and a right shoulder. The left shoulder is formed after a big bear rally in which the volumes are quite large.
At the end of the left shoulder, a minor correction takes place on the upside which happens on the low volumes comparatively the...
