BEML | Wedge breakout + Consolidation for next breakout - 23%BEML | Wedge breakout + Consolidation for next breakout - 23%
CMP : 1220 (Dip : 1160)
SL : 1110
Target : 1420, 1500
BEML trade ideas
buy BEML for short termMy idea is for educational purpose.
Buy BEML @ 1270 for short term gain of 20%.
BEML 2 Hr chartBEML could breakout anytime out of this triangle flag pattern. keep in radar for long entry in upcoming sessions.
BEML Positional targetPositional trade-in BEML, Reason - Trend line breakout(D), 0.61 support on FIB, good news regarding EOI
TGT1 - 1532
TGT2 - 1604
SL - 1239
Buy zone - 1360-1380 ( after confirmation on the breakout)
Duration - 2 weeks
BEML to take long entryBuy above the BO of TL after the level of 1350 . let's wait to settle the stock above the TL for confirmation. Target with 1475 with SL of 1315. RSI with +ve divergence. Only concern with weekly chart . on weekly BO completed with parabolic move.so tendency for move like this can fall easily. Can trade with strict SL. This is for your educational ideas only.
Target 2 (34%) achieved. Target 3 is ON...This is follow-up on BEML. Can check link to related ideas.
Target 2 achieved. More than 34%. Target 3 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only.
Target 3 (60%) achieved. Target 4 is ON...This is follow-up on BEML. Can check link to related ideas.
Target 3 achieved. More than 60%. Target 4 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only.
Target 1 (10%) achieved again after retracement. Target 2 is ON.This is follow-up on BEML. Can check link to related ideas.
Target 1 achieved again after retracement. More than 10%. Trade is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only.
BEML: Nested Inv Head & Shoulders + 1Yr plus Resistance BO! 🔥A small inv H&S in the right shoulder of a bigger H&S. You have to see a little bit with zoom in daily TF itself. Multiple touch TL BO. Volume spikes. Multiple confluence. What else is needed ?
BEML- Breakout with various PatternBeml is trying break its resistance which it has tested multiple times.
Various pattern is attached for the reference.
Cup and handle Pattern:-
Inverse Head and Shoulder Pattern:-
One other pattern which is rounding bottom pattern:-
Above all this we can also look at volumes at current price which is rising which is indicating for further movement.
Keep an eye folks fingers crossed. Happy Trading.
BEML, accumulation mode , for trgts of 1305/ 1597BEML, is in an accumulation mode with med trm trgts of 1305, and longer term trgt of 1597..
BEML - Descending Triangle| Monday TradeBEML is forming a Descending Triangle. In a day or two stock can give break out on the upside. Target - 1040, 1050
