BEML holds breakout above falling-trendline resistance

BEML is trading near ₹2,102 after decisively moving above the long-term falling trendline. The stock had faced repeated resistance from this trendline since mid-2025, but the recent breakout shows that the earlier corrective structure has weakened. Price is above both moving-average levels near ₹2,093.90 and ₹2,000.50. This places the ₹2,000–₹2,094 band as the key support zone. As long as BEML sustains above this range, the breakout structure remains favourable. The MACD is positive, with the MACD line above the signal line and a green histogram. This confirms improving momentum and supports the breakout. However, the stock is now approaching the ₹2,120–₹2,130 resistance area, where recent supply may emerge. A sustained close above ₹2,130 can open room toward ₹2,200 and then ₹2,250. On the downside, ₹2,094 is the first support, followed by ₹2,000. A close below ₹2,000 would weaken the breakout and bring the former trendline zone back into focus. For now, BEML remains constructive above ₹2,000.