Keep a watch on BEML for short reversalAs can be seen the price has reached previous resistance turned into support. The stock can show a reversal from here as seen in an uptick in AD line whilst the price is moving down. there is no positive divergence with Nifty 50 and performing worst as index has moved sideways the stock has moved down further. The stock can be bought for short reversal till it touches the kijun sen. To change the sentiment to medium - longterm investment it should conclusively trade above the Kijun. Happy trading / investing Regards Shamoil by ShamoilShabbir442
BEML, ConsolidationDowntrend and price is consolidating. This has been the pattern since 1950 counld not be saved by bulls. That time onwards bears are running the show. As several earlier times, at present also price consolidating in a small range or consolidating. It is possible that price will breakdown the support line which is around 1009. In that case 950 will not be very difficult. SL is a must. Shortby ParimalDevnath1
Sell BEML below 1085Sell BEML below 1085 Stock is taking resistance at 50 EMA. SL : 1135 Target: 1035 R:R ratio : 1:1Shortby vaibhav.majgaonkar88Updated 1
#BEML Bullish Belt Hold Reversal with RSI divergence#BEML CMP 1035 (Futures) Positive divergence on RSI coupled with Double Bottom and Bullish Belt-Hold reversal candlestick on Daily Chart. Likely to move to 1080/1150. SL below yesterday's low, i.e. 976.Longby csanjibUpdated 1
SELL SETUP NOW DAILY FINANCIAL WISDOM: The world is full of trading techniques and strategies that work until they don't work...Shortby muniraj1964Updated 0
BEML : A bit premature but should be on watchA flag of almost 400 points is visible on BEML. Once triggered expect very sharp move up.Longby niftytrader5
BUY SETAP There's a secret that real traders know and that wannabe traders don't, and the secret is there is no such thing as overbought & oversold." ( All signal for educational purposes only).by muniraj1964Updated 2
BEML LTD - Weekly trend line breakout. Possible move?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*by dev_trader441
BEML: Consolidation and BreakoutStock is setting up well. Minor trendline break has happened. There are early signs of outperformance Vs Nifty. Keep an eye on this one !!Longby techtrail2
BEML at Major supportBEML is now at a major support area which previously acted as resistance & support . Go LONG with a long term goal of 1100 and a stop of 730 with a Risk:Reward of 1:3.Longby RaghunathHydUpdated 1