PriceActionTrader1

BEML - Bearish Continuation

Short
NSE:BEML   BEML LTD
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 weakness prevails then it might continue down to target#2.
Comment: Price is approaching Target #1.
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