Long on BEML for 1% to 2% SL 0.5% "EDUCATION Purpose Only"This stock is at a very good level for investment
Long on BEML for 1% to 2% SL 0.5% NSE:BEML
BEML trade ideas
BEML Long for 24th june Monday Entry: 833 TGT Range : 855-860BEML 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 towards Specified Target
RSI AT 41
BEML- trading near major supportBEML 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 upmove. If counter close below 865 then we can expect stock to retrace 100% of the entire upmove.
It's a risky buy at this moment as all indicators are suggesting down move to continue. But as per Dow theory upmove can be corrected by 1/3 to 2/3 of the entire move and normally retraces to 50% of the move. However, it is to be noted that counter couldn't break previous high of 1035 to continue upward journey as per Dow theory.
Traders with risk appetite for value buy can buy in 900-890 zone with strict stop loss below 860 (1/3 of move)on daily closing basis.
beml @ 919 Bulish Bat#BEML - Investment -
884 - 886 target 904 922
Reference Tanks to
Harmonics traders - ARun
BEML - Bullish Bat - 2H TFBullish 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 IB long above PDH* 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
BEML Inside Bar Trade 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 in first 5 minutes and follow ORB strategy.
BEML Inside Bar TradeLong 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 in first 5 minutes and follow ORB strategy.
With stable gov, this can fly till 1070!Keep an Eye!
Disclaimer:I am NOT SEBI registered, Just trying to learn to predict share price movement. THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members before investing.
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One More drop for Turn around I am looking this will make one more drop
as it stands is not showing the sign of Further Movement in Price action
So its high likely will have one more drop before making an turn around
BEML day chart study - inv Head and shoulders failureBEML day chart study - inv Head and shoulders failure
BEML : ChannelAfter falsifying the inverted head & shoulder breakout, BEML is moving towards the lower end of channel which is also near to 38.2 % retracement level of entire rally from bottom to nearest top. 795 is the support on daily chart. RSI is in oversold territory. BEML has a tendency to revert towards 10 DEMA after 10-13% correction in price. Considering 10 DEMA, 785-795 acts as a perfect zone plus 10% correction from DEMA.
Short term traders can buy BEML in dip at 785-795 level with stop loss below 774 for target of 880 on the upper side.
Note : We have buy position in BEML.
