BEML Ltd, a key player in India’s defence and heavy equipment sector, is displaying a strong bullish breakout setup supported by multiple technical confirmations.
Reasons are listed below :
Target - 5400
Stoploss - daily close below 3940
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Reasons are listed below :
- Breakout of a long-term trendline after multiple retests
- Cup and Handle breakout, signaling continuation strength
- VCP (Volatility Contraction Pattern) breakout indicating accumulation
- Bullish engulfing candle on the daily timeframe confirming momentum
- Higher highs and higher lows structure intact
- Trading above 50 & 200 EMA, reinforcing trend strength
Target - 5400
Stoploss - daily close below 3940
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Operación activa
Nota
The stock has been split in 1:2 ratio.Updated target and stoploss are mentioned below.
Target - 2700
Stoploss - weekly close below 1970
Operación cerrada: precio stop alcanzado
Stoploss hit : -12%
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.