Technical Calls :BEML and SAIL
BEML
BEML has been in downtrend for 15 trading sessions in a row on back of some rumors by CAG on inflating there books which has no substantial evidence but was able to crash the stock for 30% in matter of 3 trading sessions.
Stock is trying to cover up its lost ground and was able to cover 1 red candel of 3 formed on daily charts but with declining volumes,on basis of short covering only.
On Technicals terms stock looks ripe for a bounce back as it is moving between 5 DHEMA@678.2 …
Read the full story »
BEML has been in downtrend for 15 trading sessions in a row on back of some rumors by CAG on inflating there books which has no substantial evidence but was able to crash the stock for 30% in matter of 3 trading sessions.
Stock is trying to cover up its lost ground and was able to cover 1 red candel of 3 formed on daily charts but with declining volumes,on basis of short covering only.
On Technicals terms stock looks ripe for a bounce back as it is moving between 5 DHEMA@678.2 …
Read the full story »
posted by Bramesh at
8:18 AM
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