If any one see the charts of BEML will say the bullish momemtum to take the long entry. But as a Pro trader lets wait market to touch our level rather than chasing the market. suppose if we buy above 705 our target is 730 & SL is 670 which is not good reward to risk ratio. lets wait the price to touch the marked or buying level between 685 to 675 & SL/target...
BEML stock is in bearish trend & today closing of the stock is also below the 20 EMA Level.So below the level of 648 we can take short entry for the target price of 640-637. Lets wait proper break down of the trend line before taking short entry. So add the stock in your watch list to see the price action movement in the stock.
Always do trading as per your...
BEML - 1 Day Chart - Head & Shoulder - Bearish
Observe the chart and look at trend lines how it will play the crucial role in future price action.
NOTE: This chart is only for educational purpose , these are not Recommendation of any kind and you will be fully responsible for your own actions
NSE:BEML Long at 768.35 with SL at 760.80 and TP 783.40.
Consult your registered adviser before taking any decision.
Always risk 1% of account size per trade, adjust the position size accordingly.
BEML to Catch Probable Up trend (24th June 2019) INTRADAY ONLY
Analysis 1: 21 Closing Price nearing Trendline support. Price: INR.830, (Probable Reversal)
Analysis 2: SuperTrend (4/10 -3/7) also indicate an uptrend initiation
Analysis 3: Near support for Fratal 6 took reversal on 21 june 2019, If breaks Fractal Resistance (INR. 842) Then looking for full step...
BEML is trading near 200 DEMA support of 898 and 150 DEMA support of 890. Also the 50% retracement of entire move from 783 to 1019 comes at 900. Black dotted line shows one such swing low of 888 from where counter again started moving upward. Triangular breakout gap can be seen at 865 which should hold along with 873 (61.8% retracement) to ensure validity of the...