BEML to Catch Probable Up trend (24th June 2019) INTRADAY ONLY
Analysis 1: 21 Closing Price nearing Trendline support. Price: INR.830, (Probable Reversal)
Analysis 2: SuperTrend (4/10 -3/7) also indicate an uptrend initiation
Analysis 3: Near support for Fratal 6 took reversal on 21 june 2019, If breaks Fractal Resistance (INR. 842) Then looking for full step...
BEML is trading near 200 DEMA support of 898 and 150 DEMA support of 890. Also the 50% retracement of entire move from 783 to 1019 comes at 900. Black dotted line shows one such swing low of 888 from where counter again started moving upward. Triangular breakout gap can be seen at 865 which should hold along with 873 (61.8% retracement) to ensure validity of the...
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BEML has broken out of rounding top on hourly with good momentum . Can go short below 918 with a stop loss of 935 for targets of 895 and 850 .
Bullish Bat pattern on 2H Chart of BEML. BUY 925-927, Sl 915.6, Target(s) - 937, 940.
I starting learning Harmonics some days ago and just observing currently, how the price action works here and thereby trying to refine on my Target(s), SL and entry levels.
* BEML bouncing from support region
* formed an IB today
* Breached and closed above 2nd highest call OI
* Break of day high might unwind the call shorts
Long if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed...
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BEML
