BEML - Weekly Chart Analysis
Highest ever weekly close. Price never sustained above 1430-1555 levels since Sep2017. Last month it closed above this levels and sustained for 3 weeks above this levels. Price seems breaking out of Cup with Handle pattern. Pivot Volume spikes is seen too on weekly chart.
Stock has never sustained these levels since 2009. Shared a monthly chart too for reference. We can see an ascending triangle pattern on monthly TF. Volumes on monthly TF are dried up, meaning contraction in volumes too.
It's trading above all the key moving averages.
Disclaimer: This is just an analysis and not a buy/sell recommendation. If you intend to trade this counter than please do your own due diligence and trade on your own risk.
Stock has never sustained these levels since 2009. Shared a monthly chart too for reference. We can see an ascending triangle pattern on monthly TF. Volumes on monthly TF are dried up, meaning contraction in volumes too.
It's trading above all the key moving averages.
Disclaimer: This is just an analysis and not a buy/sell recommendation. If you intend to trade this counter than please do your own due diligence and trade on your own risk.
Note
From 1682 to 2460 in 6 weeks~46% gains.
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.
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.