BEML - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.9
| Stock Code | BEML | Market Cap | 15,252 Cr. | Current Price | 1,830 ₹ | High / Low | 2,437 ₹ |
| Stock P/E | 59.5 | Book Value | 333 ₹ | Dividend Yield | 0.58 % | ROCE | 16.1 % |
| ROE | 10.6 % | Face Value | 5.00 ₹ | DMA 50 | 1,767 ₹ | DMA 200 | 1,805 ₹ |
| Chg in FII Hold | 0.08 % | Chg in DII Hold | 0.32 % | PAT Qtr | -22.7 Cr. | PAT Prev Qtr | 54.8 Cr. |
| RSI | 53.4 | MACD | 24.7 | Volume | 2,05,376 | Avg Vol 1Wk | 2,18,206 |
| Low price | 1,355 ₹ | High price | 2,437 ₹ | PEG Ratio | 2.01 | Debt to equity | 0.24 |
| 52w Index | 43.8 % | Qtr Profit Var | -192 % | EPS | 30.8 ₹ | Industry PE | 35.9 |
- 📈 Chart Patterns: BEML is trading at 1,830 ₹, showing recovery momentum after recent weakness. Support lies around 1,770–1,800 ₹, resistance near 1,880–1,900 ₹. Trendlines suggest sideways consolidation with mild bullish bias.
- 📊 Moving Averages: Price is above 50 DMA (1,767 ₹) and slightly above 200 DMA (1,805 ₹), confirming medium-term strength.
- 📉 RSI: At 53.4, RSI is neutral, indicating balanced momentum without overbought/oversold signals.
- 📈 MACD: Positive (24.7), showing short-term bullish divergence.
- 📊 Bollinger Bands: Price is near the mid-band, suggesting consolidation with potential breakout if volumes improve.
- 📊 Volume Trends: Current volume (2,05,376) is slightly below weekly average (2,18,206), showing moderate participation.
- 📌 Momentum Signals: Entry zone around 1,770–1,800 ₹; exit zone near 1,880–1,900 ₹.
- 🔄 Trend Status: Consolidating with bullish bias.
Positive
- Price above both 50 DMA and 200 DMA supports bullish undertone.
- MACD positive, signaling short-term upward momentum.
- FII (+0.08%) and DII (+0.32%) holdings increased, showing institutional support.
Limitation
- RSI neutral, limiting immediate upside.
- PEG ratio (2.01) suggests moderate overvaluation.
- Volume slightly below average, reducing conviction in breakout potential.
Company Negative News
- Quarterly PAT turned negative (-22.7 Cr. vs 54.8 Cr.), raising earnings concerns.
- Profit variation (-192%) highlights volatility in performance.
Company Positive News
- EPS of 30.8 ₹ provides earnings base.
- Institutional inflows support stability.
- Dividend yield of 0.58% offers shareholder return.
Industry
- Industry P/E at 35.9 highlights sector trading at lower multiples compared to BEML’s 59.5.
- Capital goods sector remains cyclical but supported by infrastructure demand.
Conclusion
BEML is consolidating with bullish bias supported by MACD and price above key moving averages. Entry near 1,770–1,800 ₹ offers favorable positioning, with exit targets around 1,880–1,900 ₹. However, weak quarterly earnings and stretched valuation warrant cautious trading with strict stop-loss discipline.
Would you like me to extend this into a swing trade outlook with medium-term targets, or refine it into intraday trading signals for sharper entries and exits?