BEML was trading within an ascending channel since 2006.It gave a breakout from the channel in the ongoing month of Jul'23 forming a large bullish candle on a monthly time frame returning nearly 25%. The Stock rose nearly 11% today hitting an All Time High of 2056.55. Stop Loss: 1659 (daily closing basis) Fundamentals: BEML is Asia's second-largest manufacturer...
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...
NSE:BEML Buy small qty now or above 1950 SL closing below 1730 T 2100, 2350, 2500+