BEML LtdBEML ltd is breaking out of a consolidation pattern and is looking good to test higher levels of 1600 on positional basis.
BEML trade ideas
BEMLBEML Trading near support of previous breakout level.
Buy Zone:- 1367- 1347
First Target 1400
Once 1400 is taken out with Volume, we will review our trade again.
SL for swing trade:- 1335 on Closing.
BEML is ready for the next up movethe stock has seen a rally and then consolidating
now prices are trading in range
ready for next leg of up move
buy above 1335
sl 1312
target near 1367/1377
Beml UpdatedBeml 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.
BEML Breakout AttemptFlag 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.
BEML - WEEKLY RESISTANCE / TRIPLE TOPThe 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 Approaching Buy ZoneKeep an eye on BEML, Its approching buy zone.
Previous Fib Pivot Resistance will now act as support. Also, retracement of the move will also act as support.
Buy, between 1142-1130
Target - 1210
BEML trading at bullish flag supportBEML 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.
BEML SHORT : Learning RSI Divergence!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 against the trend and looking for reversal, we should be prepared mentally and be protected with reasonable Stop Loss.
3. Divergence formed at the bottom after a bearish run works better whereas at the top are difficult to handle and more often they trigger the stop loss first before moving. Probably, it is due to the forces that governs the prices : GREED and FEAR and we all know that FEAR is the stronger emotion.
BEML TREND lINE BREAKOUT 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
BEML Looks On Verge Of UpsideBEML looks like have good upside left as an investment. Entry can be taken risk is less
BEML BREAKS RESISTANCE LEVELIt 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
BEMLBEML looking weak but have small support at 980 if break 980 then target 960-940-900 also sl 1000
Rising wedge Rising wedge pattern after long uptrend and price move below support, price will retrace the uptrend, minimum 38.2% or more
38.2% 925
50% 896
61.8% 866
FLAG(Pennant) breakout BEMLThe 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.
Buy bemlBeml has formed bullish head & shoulder.triangle breakout with high volume bullish marubozu..
BEML Excellent Buying Opportunity Buy BEML @ 821 Monday Morning & Keep Sl below 788.
If BEML breaks 788 on Closing basis Then Short Can be initiate as well.
