BEML: 114 Days of VCP PATTERN FORMATION
NSE:BEML
Levels mentioned in Chart.
Note: Not a SEBI Registered analyst.
Trade at your own discretion.
BEML trade ideas
My swing picksBeml break out trend line and consolidating in a range , if the price break the range a rally can be expected again
BEML to take long entryStock is at Resistance level & halt at the area since some days. This we can predict as Pre- BO trade Buy between the level of 1300-1320 for the next big move. SL can keep around 1275 Target 1450-1475-1500. Once stock Bo the TL can shift the SL to make risk free trade.
BEML long for SwingAs shown in chart the candles forming CUP and HANDLE pattern and given Breakout In symmetrical triangle. Clearly shows uptrend is coming in upcoming days.
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This is my personal Opinion about BEML .
Take it as educational purpose. I am not SEBI registered or any Stock market expert.
I am not responsible for PROFIT or LOSS
BEML - Cup and Handle ViewBEML :
Cup and Handle
(Good Consolidation happening)
Can breakout BIG
Looks Good above 1385 with SL 1300
Intraday Trade: watch for resistance breakoutbuy on range breakout above 1375
keep sl below 1345
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
BEMLas per the chart, BEML going to start move soon, for mid term it may cross 1750 .
my personal view only, like if you like idea
BEML: BULL TREND ANALYSIS.NSE:BEML
BEML is in the bull trend, taking support at the major trendline, with the confluence of moving average ( acting as support along with the major trendline).
Forming a small triangle inside a major triangle.
ENTRY & REWARD: A Breakout from the triangle trading range is the entry point and we can aim for a reward of a measured move of 16% which is a sharp up move that occurred prior to the trading range.
RISK: Is 4% from entry price, below trading range.
BEML is one of the crazy stocks it can reach our target price in INTRADAY if move with such momentum.
Not a trade recommendation.
Do your own analysis.
BEML: VCP PatternVolatility contracting from left to right.
Buy Range: 1376-1445
SL: 8% Max
Target: 30%
BEML Ltd - Triangle Breakout Awaited in Daily Time Frame - LongHi guys,
BEML has formed in the triangle pattern and Script was about to give a breakout.
In 1hr time the script was formed in Flag pattern (refer the image) which was under the consolidation,
If the script breakout the trend line and close go for Long.
SL - Below the Flag Pattern (Closes in Daily Time Frame) i.e. 1280
Regards,
Thenali Views
Disclaimer: Kindly do your own analysis before executing the trade.
BEML SPOT SWING VIEWBEML SPOT chart is forming CUP WITH HANDLE pattern. If Breakout neckline and hold. it may give marked target to validate this pattern successfully.
VIEW NEGATED BELOW - 689 (DCB).
BEML LOOKING STRONG ON CHARTSBEML Looking good on charts
Breaked out from 1 month consolidation & by making a strong price action aswell
Keep an eye on it
DISCLAIMER
( Educational Purpose )
All investments involve risk.
Please Do your analysis before initiating Any trade
Good luck !
BEMLNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
