BEML has triggered a strong breakout above a key resistance trendline, supported by a recent pocket pivot. The chart highlights an advanced harmonic pattern with clear A-B-C-D structure, aligning with Fibonacci projection levels at 5,250 and 5,566. Watch for sustained momentum above moving averages and monitor price action near the 1.141 and 1.272 fib extensions for further target validation. The confluence of technical signals suggests strong upside potential if levels hold, with recent volume and pivot activity adding conviction to the move.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.