Its been observed on weekly chart that BEML LTD is trading above weekly trendline. Trading strategy: Buy above 1015 if holds 1000 at downside on closing basis. Target - 1050
Sell below 1000 for Target of 980. SL will be 1015 on closing basis.
*Chart is for learning purpose*
Comments
dev_trader
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Wow..Today also 4% up. 1015 to 1220. Unfortunately, got stopped out. Learning is to keep SL reasonable :-).
dev_trader
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It did turned out again and reached the Target.
dev_trader
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Stopped out. Trade closed today with with loss of 20 points.