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
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
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.
You can long Beml with green lines as near term targets. Do hit a like and dont forget to follow me. All the best!
BEML | Channel Support + RSI Divergence
As 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...
Sell BEML below 1085 Stock is taking resistance at 50 EMA. SL : 1135 Target: 1035 R:R ratio : 1:1
Stock is setting up well. Minor trendline break has happened. There are early signs of outperformance Vs Nifty. Keep an eye on this one !!
BEML - Will hit 875-877 shortly