BEML - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

📊 Technical Analysis Summary for BEML Ltd.

Technical Rating: 2.7

BEML is currently in a reversal phase, showing signs of short-term weakness after a strong rally. Momentum indicators are bearish, and price action suggests a potential correction or consolidation near key support zones.

📉 Trend Status

Trend: Reversing from recent highs; short-term bearish

Chart Patterns: Lower highs and bearish engulfing candles observed

Price Action: Trading below 50 DMA (₹4,214) but above 200 DMA (₹3,775), indicating weakening momentum

📈 Momentum Indicators

RSI (37.3): Bearish zone, approaching oversold territory

MACD (-57.5): Deeply negative, confirming downward momentum

Volume: Slightly above average (4.00L vs 3.82L), suggesting active selling pressure

📊 Moving Averages

Indicator Value Signal

50 DMA ₹4,214 Price below – bearish

200 DMA ₹3,775 Price above – long-term bullish

EMA (short-term) ~₹4,140 Price below – confirms weakness

📉 Bollinger Bands

Price near lower band, indicating oversold conditions

Band width expanding, suggesting volatility spike

🔍 Support & Resistance Zones

Level Price (₹)

Support 1 3,949

Support 2 3,842

Resistance 1 4,214

Resistance 2 4,452

Resistance 3 4,566

🎯 Entry & Exit Zones

Optimal Entry: ₹3,940–₹4,060 (near support and oversold RSI)

Exit Zone: ₹4,450–₹4,565 (approaching resistance and trendline)

🧭 Conclusion

BEML is reversing from its highs and currently in a bearish setup. Weak momentum and MACD divergence suggest caution. Traders may consider buying near support for a short-term bounce, but long-term investors should wait for confirmation above ₹4,214 with volume support.

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