BEML trade ideas
BEML stock for Education purposeIf any one see the charts of BEML will say the bullish momemtum to take the long entry. But as a Pro trader lets wait market to touch our level rather than chasing the market. suppose if we buy above 705 our target is 730 & SL is 670 which is not good reward to risk ratio. lets wait the price to touch the marked or buying level between 685 to 675 & SL/target level remains same. If price not touch at this level better to skip the trade. Hence this will favor our risk to reward ratio. so add the stock in your watch list to see the price action movement of the stock.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask.
Watch the free trading ideas performance sheet for the month of July-2020
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Gap Resistance680-685 is strong resistance, above that, you can see a good momentum.
You can go long till 680 and next to a strong resistance zone is there should break it for good momentum.
If failed to cross you can see fall till 630 levels of next support.
BEML can take short entry BEML stock is in bearish trend & today closing of the stock is also below the 20 EMA Level.So below the level of 648 we can take short entry for the target price of 640-637. Lets wait proper break down of the trend line before taking short entry. So add the stock in your watch list to see the price action movement in the stock.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .
SYNGENE INTERNATIONAL LTD analysisBuy above 660 because trend in reversal point so wait for better conformation.
Buy 660
First Target 680
Second target 709
Intraday PickDon't have much time to explain.
Do comment if you need anything
Risk reward 1:2/2.5
Scale down once you reach close to target.
BEMLStudy:-
Trading in a very narrow range. Expected to give a break out on the upper side if a bullish candle closes above VWAP. MAs have contracted and showing bullish sign.
RSI bullish.
*This chart is only for educational purpose.
