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Maria Alex, , BEML
After a continuous down trend BEML witnessed a reversal on daily charts with the below attributes.
1. Piercing pattern formed at a critical support level with considerable volume.
2. Triangle Breakout
4th May Candle’s range needs to be considered for Target and SL. Here the candle range is 80 Rs. So trade can be initiated accordinly
| M | T | W | T | F | S | S |
|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | 6 | 7 |
| 8 | 9 | 10 | 11 | 12 | 13 | 14 |
| 15 | 16 | 17 | 18 | 19 | 20 | 21 |
| 22 | 23 | 24 | 25 | 26 | 27 | 28 |
| 29 | 30 | |||||
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