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Trend:Bearish

BEML :Cmp :885

Short Range:  887-895.

Target :810

Hedging option : Short Put of 900 Around 54

SL: 940

MAX  PROFIT: 700*50= 35000

MAX LOSS: (700*20=14000) Max loss

  • 3 Point resistance Stock lingering around 930 levels
  • Formation of bump and reversal pattern.
  • Psar turns negative Where stock hit the 200 Dma and has closed below the long term averages
  • RSI Forming bearish divergence between 15 candle Strong bearishness.
  • MACD crossover confirms the downtrend

 

 

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