BEML Ltd. – Technical Analysis Discussion

Technical View: BEML is consolidating after a recent pullback from higher levels. The price is trading near an important support zone, with the broader chart showing a recovery attempt but momentum remaining cautious. MACD is still weak, while the RSI-based indicators suggest mixed momentum. A sustained move above immediate resistance could improve the bullish outlook. 🔹 Resistance: ₹2,033 ₹2,119 ₹2,205 🎯 Upside Targets: ₹2,033 → ₹2,119 → ₹2,205 ⚠️ Risk Scenario: A breakdown below ₹1,945 may trigger further weakness toward ₹1,861. 📌 Trading View: Bullish only above ₹2,033 with sustained strength. Watch price action and volume for confirmation before considering any trade. — AALGO BREATHS SEBI REGISTERED RESEARCH ANALYST