Ascending Trianglr Formation in BEMLAscending Triangle observed in BEML.
Will take the support from her to move upside.
BEML trade ideas
Watch out its still in correction The stock is in range bond , its likely head 1st down ward towards trend line then take reversal to up ward
Don't be fooled thinking its going up
Regards
BEML - Symmetric Triangle NSE:BEML Symmetric triangle formation. On confirmation of breaking above the triangle one can go long above 1750.20
T1 - 1823.30
T2 - 1934.40
SL - 1684.90
Range Break out above 1760 After consolidating in range , stock is getting ready for break
out above 1760
BEML Channel BreakoutBEML is moving in an up channel for 4 months now.
Currently on the edge of channel for reversal / breakout.
BEML - Will Big "M" form or not?Big M Identification Guidelines
Price trend Upward leading to the pattern.
Shape A big M shape with twin peaks and tall sides.
Reversal pattern Look for a double top reversal pattern at the top of the big M.
Tall sides The double top should have twin peaks with highs less than 4% apart.
Drop between tops The drop between the peaks of the double top is 10% to 20% or more.
Breakout confirmation The pattern confirms as a valid one when price closes below the lowest valley between the double tops.
thepatternsite.com
BEML headed to 3450 - 3500 for medium term BEML headed to 3450 - 3500 for medium term time span . Good bet for investment in cash .
BEML will move up or down???Everything is mentioned on chart...
Note: Do your own analysis before making any position...
BEML Perfect H&S SetupBEML 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 as a learning for future trades. :)
beml looks bullish in short to medium term.in daily - price broke out of consolidation with good volume and closed above upper BB, now BB is expanding.
if we see the longer time frame, 1570-1605 was a resistance zone, which is crossed now, next level to watch for 1800-1810
one should ride the uptrend with a sl - 1509
Trend line on BEML - IntradayWill it pull up or pull down situation on BEML
Trade:
Buy - 1547
Target 1 - 1560
Target 2 - 1570
Stop loss - 1528
BEML :: On course to complete a rounding bottom pattern.BEML is on course to form a rounding bottom pattern . Could provide good appreciation above levels of 1613 .
BEML: potential shorts1. STOCK has been in a maj uptrend ..
2. red TL was last touched in 2015..
3. charts showing signs of looing momentum...
4. setup setting in for a trade...
enter trade once the MA is broken....
caution: dont enter the trade before the MA is broken as stock is in uptrend n if one would prempt the trade can n hurt ....
targets r black TL...
SL- if stock goes bak above the MA after breaking it ....
enjoy the trade..
BEML:- should head higherCMP 1448 buy between 1440-1450 stop loss 1428 ( closing basis) trgt 1470/1480
Trading Opportunity for June 9 - BEML - 15 MinsHello 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 queries, please free to write them in comments. Thank you.
BEML looks hot..Stock currently at 1375 can be bought with stop at 1355 Target 1450/1475. Breakout candidate.
Long BEMLLong with SL 1375, TGT: 1500, short term
Disclaimer: I am a novice at charting and this chart is only for educational purpose, views and opinions are welcome. Time frame short term 2 months.
