BEML: Is it about to break?

#1
BEML: Is it about to breakout?

Hello friends,

Please refer to the screen dump.
For the last 9 sessions BEML has been trading between 915 and 960 levels, looking at the volumes for the last couple of days and given the CandleStick Pattern of the last session, is it about to break 960?
1038 is the SOT target for now(coincidently, also happens to be the next resistance!).

Expert suggessions are sincerly solicited.

Please suggest

MANOJ
 
Last edited:
#2
Re: BEML: Is it about to breakout?

Hello friends,

Please refer to the screen dump.
For the last 9 sessions BEML has been trading between 915 and 960 levels, looking at the volumes for the last couple of days and given the CandleStick Pattern of the last session, is it about to break 960?
1038 is the SOT target for now(coincidently, also happens to be the next resistance!).

Expert suggessions are sincerly solicited.

Please suggest

MANOJ
Manoj,

BEML is looking for a Break-Out, as told Volumes have picked up also, there was a bullish divergence in MACD. With Israel going fora truce and Oil coming down, stocks should have a good time.

Also, check PETLNG, VIVIMED, both are making Higher Pivot Highs and Higher Pivots Low.

Satya
 

Similar threads