BEML cmp:3356.55; RSI: 62.13
As per wave analysis, beml has completed ABC correction pattern and at verge of breakout. Two consecutive clouser of beml above 3357 level with volume should confirm the breakout.
New position can be taken upon breakout confirmation for the next possible short, mid and long term tragets as below:
short term target: 3475; mid term target: 3725; long term target: 4138
Stop loss 1 : 3210 & Stop loss 2 : 3055
As per wave analysis, beml has completed ABC correction pattern and at verge of breakout. Two consecutive clouser of beml above 3357 level with volume should confirm the breakout.
New position can be taken upon breakout confirmation for the next possible short, mid and long term tragets as below:
short term target: 3475; mid term target: 3725; long term target: 4138
Stop loss 1 : 3210 & Stop loss 2 : 3055
Trade active:
Short Term Traget Met In intraday trade @ 3475
Trades should revise the stop loss to 3400;
Happy investing
Trades should revise the stop loss to 3400;
Happy investing
Trade active:
BEML has tetsing the waters and ready to break above the short term target of 3475, in next few sessions and will resume the nothwards journey. The next target of 3725 may get passed in next 1month time frame.