This stock got breakout from it's consolidation zone and looks strong for more upside with positive rsi . look for 740/750 target with sl below 650 daily closing basis.
BEML BUY ABOVE 640 CLOSING BASIS TARGET 650, 658, 663, 669, 675~678 Posting for Educational purpose only Closing Basis means stock need to trade above 640 between 3:20 ~ 3.30 PM If my analysis appears OK then please LIKE, FOLLOW and SHARE to get more future ideas
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
For intraday short Shark pattern is about to complete Entry positions are mentioned Pullback gets tired ,as heiken ashi dozi on hourly time show bearish nature
NSE:BEML Long at 768.35 with SL at 760.80 and TP 783.40. Note: Consult your registered adviser before taking any decision. Always risk 1% of account size per trade, adjust the position size accordingly.
trend reversal sign in beml can take entry with 835-830 support
This stock is at a very good level for investment Long on BEML for 1% to 2% SL 0.5% NSE:BEML