BEML trade ideas
BEML Again! BUY SetupBEML bounced back from its support zone and now looking good for 798 with SL 749 on closing basis
BEML: Observation - Long ENTRYLast Candle: Hammer (Bullish Reversal)
Here formed after a long body Bearish Candle(11/08/2018)
Matching LOW @ 737.30 on 13/07/2018 & @ 731 on 12/08/2018 (Generally BULLISH)
........ Rest details plotted & mentioned on Chart.
Education purpose only.
BEML GARTLEYLEVELS MENTIONED IN THE CHART.
Disclaimer:
It is very important to do your own analysis before making any investment based on the chart mentioned here.
Trade wisely!
beml strong supportthere are more chances for double top so once it breaks its neckline you can further more add some position
BEML - ShortShort BEML Below support...
Continuous rejection from 50 EMA and RSI...
stoploss can be near resistance and find nearby supports for targets...
BEML1) Triangle pattern
2) News central govt has asked all states to look use same parts if they want funding for metro projects
3) BEML likely to be key benificiary
