Intraday Trade: watch for resistance breakoutbuy on range breakout above 1375
keep sl below 1345
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
BEML
BEML: BULL TREND ANALYSIS.NSE:BEML
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.
BEMLNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
#GREAVESCOT #ENGINEERING #ENGINERSIN #MACHINERY #EQUIPMENT 11%+ Greaves Cotton Ltd
#GREAVESCOT
NSE:GREAVESCOT
CMP: 145.35
Target: 170++
May hold above 170
Stop Loss: 127
Time Frame: Approximately 3 months.
Factors:
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Fundamental are strong.
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming
The stock has potential to go beyond 200 in longer time.
Compare with peers NSE:LICHSGFIN , NSE:DHFL , NSE:IBULHSGFIN , NSE:HDFC , NSE:HUDCO .
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With 💚 from Rachit Sethia
BEML to take long entryBuy above the BO of TL after the level of 1350 . let's wait to settle the stock above the TL for confirmation. Target with 1475 with SL of 1315. RSI with +ve divergence. Only concern with weekly chart . on weekly BO completed with parabolic move.so tendency for move like this can fall easily. Can trade with strict SL. This is for your educational ideas only.
Target 2 (34%) achieved. Target 3 is ON...This is follow-up on BEML. Can check link to related ideas.
Target 2 achieved. More than 34%. Target 3 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only.
Target 3 (60%) achieved. Target 4 is ON...This is follow-up on BEML. Can check link to related ideas.
Target 3 achieved. More than 60%. Target 4 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only.
Target 1 (10%) achieved again after retracement. Target 2 is ON.This is follow-up on BEML. Can check link to related ideas.
Target 1 achieved again after retracement. More than 10%. Trade is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only.
BEML Ltd2 strong weekly and monthly resistances here, are what make the breakout levels and targets.
Keep an eye for a strong breakout this week.
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