BEML - Stuck in a range
BEML has been stuck in a tight range for sometime now. The movement from 531 to 950 is impulsive in nature. and the current range is the correction pattern that too above the buyers area of interest. one can look to buy it in the support shown in the chart for a target of Resistance and a breakout there on for target of 1200, which is the next resistance. wait for an impulse from the support area on smaller time frame and enter with tight sl.
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