Div_Trader

BEML - Two Red Candles In a Row after a month

NSE:BEML   BEML LTD
BEML Chart shows 2 red candles back to back after a month of upward movement from 520 to 780.

Strong Resistance at 780 area. If broken, Next target is 850.

Stoch RSI Shows overbought Conditions on daily. Price went up but Stoch rsi went down. Which in most cases is Bearish.

If BEML Breaks down as a correction, Support zones are 730,700,675 and 625.


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