BEML :-
One of the good PSU Stock which made a 52 week low of 126 on 07.08.2013
There after it struggle for series of month to cross 180 level (from where a fall for bottom done)
It made double top 1st 180 where low was 166, 2nd 182.7 where higher low of 167.1 was made
After that it started it upward journey made a top of 204.6 on 05.11.2013 & retraced upto 173.1
After that it tried to cross the top of 204.6 but couldn't made a lower top of 203.2 & retraced
back to 190,but this time there was a strong support of weekly movement.
Top of 204.6 was breached first time today on 06.12.2013 so stock has given a clear cut break out.
Closing above 207 and second resistance(Weekly) of 225 once these are confirm the stock is ready to move with jet speed upto 270++ levels
As stock is moving out after series of month of consolidation.
Buy Above 207 Closing or Above Weekly 225 Closing with 177 Stop For TGT 270 & More
One of the good PSU Stock which made a 52 week low of 126 on 07.08.2013
There after it struggle for series of month to cross 180 level (from where a fall for bottom done)
It made double top 1st 180 where low was 166, 2nd 182.7 where higher low of 167.1 was made
After that it started it upward journey made a top of 204.6 on 05.11.2013 & retraced upto 173.1
After that it tried to cross the top of 204.6 but couldn't made a lower top of 203.2 & retraced
back to 190,but this time there was a strong support of weekly movement.
Top of 204.6 was breached first time today on 06.12.2013 so stock has given a clear cut break out.
Closing above 207 and second resistance(Weekly) of 225 once these are confirm the stock is ready to move with jet speed upto 270++ levels
As stock is moving out after series of month of consolidation.
Buy Above 207 Closing or Above Weekly 225 Closing with 177 Stop For TGT 270 & More
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| BEML |
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