#BEML quarterly chart (22 years)
- Stock has formed a massive 16 yr ascending triangle
- FIIs have increased stake from 1.3% to 6% in the last 1 yr
- Excellent relative strength in the last few weeks
- Daily close above 1900 can trigger a good rally
- Stop at 1740
#stockideas

More from Trendline Investor
#ANGELONE being the strongest among the #broking stocks has taken off!
Which one would be the next?
#StocksToBuy https://t.co/zaAfCtOkJ6
Which one would be the next?
#StocksToBuy https://t.co/zaAfCtOkJ6

I think it is just about time for #broking stocks to \U0001f680!
— Trendline Investor (@dmdsplyinvestor) April 4, 2022
- #AngelOne looks the strongest & near ATH
- #Isec near major trendline support, forming Dojis on weekly
- #Motilalofs near major trendline supports, forming Dojis on monthly
All three low-risk setups!#stockideas pic.twitter.com/xB3Tm9jSou
#Creditacc what strength in this counter!
Moving up slowly yet steadily 🐢without catching too many 👀!
Once 1000 is conquered, we might see some good moves here!
#stockideas https://t.co/1kwt7rR5qM
Moving up slowly yet steadily 🐢without catching too many 👀!
Once 1000 is conquered, we might see some good moves here!
#stockideas https://t.co/1kwt7rR5qM

#Creditacc has managed to close above the horizontal resistance as well this week after the trendline breakout.
— Trendline Investor (@dmdsplyinvestor) April 2, 2022
Heading to clear skies soon!#stockideas #trendlines https://t.co/LpHXcbZAwN pic.twitter.com/XJ5721XIh5