BEML charts posted on 22-Feb-2016 well on track to meet my targets of 1250. Today it made a high of 1083.
http://marketview123.blogspot.in/2016/02/beml-beml-defense-player-just-managed.html?q=bemlToday on daily charts it made attempt to cross the upper trend line however unable to cross that if it manages to cross that targets here could be 1170.
On weekly charts it also touched 200 weekly SMA which is right now around 1063.
Small resistance is around these levels. Short term traders can book profit here. However i am holding it for very long term if my wave count is right the stock is in wave 5 and targets of that are minimum 1612 and maximum 2112.
Disclosure: I am not a SEBI certified analyst so please do your own study before acting on this call. Further i do own the stock in my portfolio.
http://marketview123.blogspot.in/2016/02/beml-beml-defense-player-just-managed.html?q=bemlToday on daily charts it made attempt to cross the upper trend line however unable to cross that if it manages to cross that targets here could be 1170.
On weekly charts it also touched 200 weekly SMA which is right now around 1063.
Small resistance is around these levels. Short term traders can book profit here. However i am holding it for very long term if my wave count is right the stock is in wave 5 and targets of that are minimum 1612 and maximum 2112.
Disclosure: I am not a SEBI certified analyst so please do your own study before acting on this call. Further i do own the stock in my portfolio.
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