BEML has been a favourite shorting opportunity on NSE in the recent downtrend. This call is for tomorrow. Sell BEML @ 1160 with SL of 1190 and Target of 1070
BEML has been in the correction mode, moving in a down channel for a few months.(make no mistake, its has moved from 200 to 2000 in 3 years) Its on the edge of daily/weekly timeframes, for a possible bounce up. As of now, awaiting the breakout/reversal from the this hourly down channel
Trade - Swing Position - Long Entry - 1534 Targets - 1563 / 1597 Stop loss - 1495
Ascending Triangle observed in BEML. Will take the support from her to move upside.
BEML is moving in an up channel for 4 months now. Currently on the edge of channel for reversal / breakout.
BEML had a perfect inverted H&S pattern with volumes confirming. Was a textbook trade, however in reality the breakout was so fast that would have been difficult to catch. Also it may have achieved half of its target with just the breakout candle. However there might be some steam left as shown in charts. Rather avoid it due to R:R unfavourable, but can use this...
Will it pull up or pull down situation on BEML Trade: Buy - 1547 Target 1 - 1560 Target 2 - 1570 Stop loss - 1528
Hello Traders, We have spotted a bearish Butterfly pattern on BEML 15 mins chart. Price has already entered our PRZ. Here, PRZ is made of 1.27AB=CD, 1.27XA and 2BC Fibonnaci ratios. Trade Levels: Entry: 1280-1283 Stop: 1293 T1: 1262.70 T2: 1250 Good Luck!!! PS: If you like our ideas/analysis, please like/share them and keep us motivated. If you have any...
BEML ltd is breaking out of a consolidation pattern and is looking good to test higher levels of 1600 on positional basis.
Beml gave a nice move on Friday in intraday as predicted here we got a intra move from 1335 to 1375. Now what Next?? Now as we can see that on daily chart Beml is coming out of consolidation and giving a breakout so we can assume that a nice move is going to come in Beml in coming days from here and we can see the levels 1530-1540.
Flag break. Need confirmation. If stock price stays above 1360 for a day, buy for a target of < 1500. Stop loss is the low of the Bullish marubozu.
The stock has been consolidating near the weekly highs. That is unlike the previous 2 occasions it reached there where we saw immediate reversal. That, according to me indicates that there may be even more buying in the coming days and stock might give a good breakout.
BEML has been trading at bullish flag support and may see upside from this level to next level above 1350. Long is the trade on dip.
Divergence are lucrative and effective method to trade, however many people find it difficult to use so I am giving important points one should keep in mind: 1. RSI divergence should be used when formed in overbought or oversold Zone. Others may be used in combination with other studies but NO trade solely based on it. 2. Since we are handling here the situation...
It is been observed that the price action breakout out from consective trendline indicating buyers in control and shall move up the price action from current levels. Target: 1270 Target: 1300 Stoploss: 1220
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
The stock has formed a beautiful pole and gave breakout today after 8 days of consolidation with good volume. It fulfills all the criteria for a valid FLAG (Pennant) pattern One can enter long for a target of 1010.