BEML looks like have good upside left as an investment. Entry can be taken risk is less
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
BEML looking weak but have small support at 980 if break 980 then target 960-940-900 also sl 1000
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
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.
Buy BEML @ 821 Monday Morning & Keep Sl below 788. If BEML breaks 788 on Closing basis Then Short Can be initiate as well.