01-03-2024 04:15 PM | Source: Prabhudas Lilladhar
PL Stock Radar BEML by Vaishali Parekh, Vice President - Technical Research, Prabhudas Lilladher Pvt. Ltd.
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.
Above views are of the author and not of the website kindly read disclaimer
Latest News
Sharp movements ahead, trade cautiously
$100 billion worth chips needed for India`s $300 bil...
Eco-friendly cars` sales cross 100,000 in South Kore...
Large cap stocks impacted by FII selling
India`s Kansai Nerolac reports higher profit for fif...
Berkshire pares huge Apple stake as cash, operating ...
India holds talks for closer ties on critical minera...
Astro Zindagi: Weekly Horoscope
Paytm announces leadership change to double down on ...
IDBI Bank registers 44 per cent jump in net profit f...
Tag News
Large cap stocks impacted by FII selling
Coming Week's Market Report from Arvinder Singh Nanda, Senior Vice President, of Master Capital Services Ltd.
Daily Market Commentary : Nifty after marking a new high at 22794 levels, witnessed profit booking and came under pressure Says Mr. Siddhartha Khemka, Motilal Oswal
Weekly Note by Mr. Ajit Mishra, SVP - Research, Religare Broking Ltd