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...
Hi 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:...
BEML 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 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 !
Note:
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...
BEML Cmp 1186 dated 5.5.2021
Triangle Pattern on chart.
RSI already gave a breakout.
Buy for a tgt of 1220-1240-1275-1300-1325 SL 1135
medium to Long term tgt 1600+
It is just a view, pls trade at your own risk.
