BEML : Inverted Head & Shoulder
As it is evident from the daily and weekly chart, BEML has formed inverted H&S pattern. Breakout took place sometimes in the past but target of the pattern 1300 + is still to be seen. 938-927 would be the range to buy with stop loss below 900 ( daily closing). The best part is H&S which is a trend reversal pattern has been formed after a multi month bearish trend. Higher top higher bottom series has already started which suggests that counter has moved into bullish zone.
It can be a long term bet if investors wants to hold for 2-3 years. Stop loss for long term investors would be 820 on closing basis.
It can be a long term bet if investors wants to hold for 2-3 years. Stop loss for long term investors would be 820 on closing basis.
Transaction en cours
Keep stop loss at 774
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.