BEML-1- short-term, mid-term view

6 apr

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

8 apr

Trade attivo

Short Term Traget Met In intraday trade @ 3475
Trades should revise the stop loss to 3400;
Happy investing

17 apr

Trade attivo

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.

14 mag

Trade attivo

BEML @ 3745; Short Term Target Reached, Book profit (50%) and accumulate at lower level.

5 giu

Trade attivo

Good chance to accumulate the stock, this political turmoil will last for a week and BEML should achieve its target of RS: 4925 in nest 45 days.

15 giu

Trade chiuso: obiettivo raggiunto

Targets Achieved: All the targets identified from the April 6th, 2024 chart analysis have been met. The last target of Rs. 4925 (Stretched Target) is anticipated to be hit sometime next week, possibly as a peak during the day, before profit-taking occurs. It's recommended to secure your profits and watch from the sidelines. For more trading insights, please like, share, and follow my Idea Stream.