BEML - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.0

Here’s a detailed technical analysis of BEML Ltd

📊 Trend Overview

Current Trend: Bullish

Status: The stock is trending upward, supported by price action above key moving averages and a strong MACD signal. However, recent volume decline and negative quarterly profit raise caution.

📈 Moving Averages

DMA 50: ₹4,123

DMA 200: ₹3,859

Current Price: ₹4,350

🔹 Price is above both 50-DMA and 200-DMA, confirming a bullish trend. The 50-DMA is acting as a support zone.

📉 Momentum Indicators

RSI (14-day): 60.7 — Bullish zone, but not yet overbought.

MACD: +76.0 — Strong bullish crossover, indicating upward momentum.

Volume: 2.58 lakh vs 1-week avg of 9.21 lakh — Significant drop in volume, suggesting weakening participation.

📊 Bollinger Bands

Price is near the upper band, indicating bullish momentum but also potential short-term volatility or pullback.

🔍 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 4,123 50-DMA, strong technical support

Support 2 3,950 Previous consolidation zone

Resistance 1 4,500 Minor resistance zone

Resistance 2 4,875 52-week high, major breakout level

Resistance 3 5,000 Psychological level if breakout sustains

🎯 Entry & Exit Zones

Optimal Entry: ₹4,100–₹4,200 range on pullback with volume confirmation.

Exit Zone: ₹4,500–₹4,850 for short-term traders; ₹5,000+ for medium-term breakout players.

⚠️ Short-Term Signals

MACD bullish, RSI strong, and price above key averages suggest continued momentum.

However, volume drop and negative PAT in the latest quarter may limit upside unless fundamentals improve.

🧭 Summary

Trend: Bullish with short-term caution

Momentum: Strong technically, but volume and earnings raise flags

Technical Rating: 4.0 — Positive setup with breakout potential, but watch for confirmation

Sources: WalletInvestor Forecast

1

, MoneyMintIdea Price Targets

2

Would you like a forecast model or comparison with other defense and infrastructure stocks like BEL or HAL?

1

walletinvestor.com

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moneymintidea.com

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