ashishjain14361

probable end of downtrend

Long
NSE:BEML   BEML LTD
beml was forming a lower low pattern but the difference between each lower low is decreasing by each swing which represents that bear strength is reducing and the stock is ready for some upmove.
Comment:
it gave a breakout of the trendline so good to go long
Comment:
first target is 855
Comment:
first target done trail stoploss to cost
Comment:
second target 885
Comment:
second target done
Comment:
third target 900
Comment:
fourth and final target is 920
Comment:
third target also done in a day
Comment:
positional players can look for targets of 960/1000
Trade closed: target reached:
positional players keep trailing stoploss

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