BEML – Momentum

Important Levels: Support: 4,650 – 4,450 Resistance: 5,150 – 5,450 Structure: Strong bullish trend with higher highs Business: Defence equipment, rail coaches and mining machinery manufacturer Major beneficiary of defence indigenization and railway modernization Strong government-backed order visibility Earnings: Robust order book Healthy execution pipeline Defence segment driving growth Verdict: 👉 Defence + Railways dual-theme play 👉 Momentum remains strong