BEML seems to be in the download movement. Tracing the fibonacci, we can expect it to touch 770 levels else if it rebounds from the current level it can reach 920 level
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As expected it reached 775 but rebounded to close at 793.2.We need to see today's movement to confirm whether it will move further down or its going to move up after the rebound.
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BEML moved down to close at 763.7. We expect it move further down to 730.
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As expected today BEML dropped below Rs.730 with days low at 725.3 but rebounded strongly and closed at Rs.758.5. Tomorrow if it closes above 780 then we can expect it reach 840 levels.
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If the price manages to close above 780 today then we expect it to reach 840 level
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The next target is Rs.934. If BEML manages to close above that level we can expect it to reach Rs.1045.