SL compulsory
BEML gave double pin at moving average resistance on Daily timeframe.. we can take it for short sell trade. for swing like next 7-8 hourly candle may give downside view. lets see. trade according to your risk
trade beml for downtrend as it break down side
Beml has following a particular behavior from a long time. Stock is always pull back from their day support. Long Idea is based on it
BEML breaks below 870 it might reach till 730.
We will not initiate this as a touch trade.. but a price action entry, which i will updat once we ge t this entry... and if we dont get entry , we have an awesome level below too... Lets see what happens
BEML is Near to Monthly Imp support and 200EMA on Daily Chart>Expecting Good Upside Move till 1000-1030
BEML Inverted HNS pattern breakout positional buy near 980 with sl of 944 target 1109- 1205
double top pin on daily Sell below 1000 with sl 1008 for 989 - 974
CMP 971 Buy in dips till 950 Target 990/1000/1010/1020+ Sl 945
BEML has just broken its neckline and also breaking out of the upper band of the BAND-BOLLINGER we can expect a price target of 1290 on the stock with the current formation.!! stop loss below the neckline.
Bearish pinbar with strong rejection and good volume formed above 900 levels. The level acted as a previous support and got broken and was tested multiple times as resistances. MACD histogram showing a peak in the upward momentum which can be the start of the downward move and ADX showing an increase in strength. Previous bullish move from 750 to 900 was kind of...
BEML Stock in process of forming Inverted Head N shoulder CMP 817 Target 930/950/1000+ SL 750 (weekly closing Basis) Time Frame 1-2 Months