BEML........ huge life time BO with classic Inverted head and shoulders pattern........ targets are very high ....... looking like double in a year or two........
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
BEML.. 17yrs consolidation breakout retest.. CMP:1772 sl:1200(wcb) Target: open. Stoploss is a little dip, add more if you get around 1450-1500 level to manage your stoploss.
BEML as gave a long time resistance breakout on weekly TF.
IT AS FORMED A CUP AND HANDLE PATTERN
which looks more promising at monthly TF.
Buy-1695
SL-1519
TRG-2880
Duration-6-12months
After consolidating for year and half BEML has finally given breakout. This chart came on my attention in Sept 22, however, the SL is hit. Now again it is showing the strength to trade under blue sky. This is a very good opportunity for an INVESTOR. BEML is Government's one of the largest Heavy machinery unit. Target mentioned here are medium term targets. Long...
Symmetrical Triangle breakout in BEML on daily timeframe.After Breakout Retesting is Done and one can go long between 1512-1518 with Risk Reward ratio of 1:2.
NSE:BEML
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!
CMP:1262
Trgt :1450
sl:1210
Disclaimer: The above is shared just for educational purpose and is my personal view. By no means shall I be accountable for any debits/losses amounting out of it. The stocks recommend may or may not have vested interests at individual or group level.I am not a SEBI registered Analyst, so please consult your Investment Advisor and take...
NSE:BEML has been trading in downtrend due to market weakness and has also broken the neckline support. It has activated two possible harmonic patterns, Butterfly and Deep Carb. Targets are 1040 (target #1) and 760 (target #2) respectively. Both targets are very important levels. So price might reverse from either of them, most likely from target#1. If market...
