PL Stock Radar BEML by Vaishali Parekh, Vice President - Technical Research, Prabhudas Lilladher Pvt. Ltd.
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PL Technical Research: STOCK RADAR:-
BEML cmp: 3200, The stock after the steep correction has bottomed out near 2680 zone and with a short period of consolidation has witnessed improvement in the bias with a positive candle formation maintaining above the 50EMA level of 3070 zone to improve the bias. Currently with the RSI also gradually regaining strength has much upside potential to carry on the positive move for targets of 3550 and 3770 levels, respectively with support maintained near 2900 zone.
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