beml rectangel breakout 1600 for target 3200beml rectangel breakout of 19 year long pattern @1660 for target 3200
0.42%
48.20INR
1.579BINR
38.803BINR
18.177M
About BEML LTD.
Sector
CEO
Shantanu Roy
Website
Headquarters
Bangalore
Employees (FY)
5.197K
Founded
1964
ISIN
INE258A01016
BEML Ltd. engages in the design, development, manufacture, and marketing of rail coaches, spare parts, and mining equipment. It operates through the following segments: Mining and Construction, Rail and Metro and Defence. The Mining and Construction segment produces machines such as bulldozers, excavators, loaders, pipe layers, wheeled loaders, tyre handlers, shovels, dumpers, water sprinklers, motor graders, and under mining equipment. The Rail and Metro segment supplies metro cars, utility vehicles, treasury vans, disposal units and rail bus. The Defence segment offers heavy duty trucks, bridge systems and recovery vehicles. The company was founded on May 11, 1964 and is headquartered in Bangalore, India.
BEML - Weekly Chart AnalysisHighest ever weekly close. Price never sustained above 1430-1555 levels since Sep2017. Last month it closed above this levels and sustained for 3 weeks above this levels. Price seems breaking out of Cup with Handle pattern. Pivot Volume spikes is seen too on weekly chart.
Stock has never sustained
BEML F&P BREAKOUTBEML giving F&P pattrn breakout
good volume and RSI
MACD crossover done
trading above all key ema
educational idea
BEML defence share mothly rsi above 55.
RS is also positive.
defence sector is also in mega trend .
if resistance level break with strong volume than it will touch sky.
also debt free compony.
keep radar and do investing for long term.
BEML LTD - 50% RETURNS!!!BUY - BEML LTD
CMP - Rs. 1512
Target - 1: Rs. 2000
Target - 2: Rs. 2275
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Technicals - Cup and Handle Pattern
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Note: Both Targets will be achieved within 1 year.
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This is just a view by an expert analyst, please invest at your own risk.
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BEML: CUP&HANDLETrading Strategy : Stock has given a breakout of the formation of cup and handle . One should buy the stock near the current level i.e. 2015 and keeping a stop loss of 1675 , look for the target of 2900-3000 in the coming weeks and months.
Buy: CMP
Stop loss : 1675
Targets:
Tgt 1: 2900-3000
Theor
Breakout from Multi-year ascending channel in BEML Ltd(Monthly)BEML was trading within an ascending channel since 2006.It gave a breakout from the channel in the ongoing month of Jul'23 forming a large bullish candle on a monthly time frame returning nearly 25%. The Stock rose nearly 11% today hitting an All Time High of 2056.55.
Stop Loss: 1659 (daily closing
BEML Monthly BreakoutBEML Monthly Breakout - Look to entry if retested the breakout level as earlier resistance will now act as a support
BEML breaking and closing above decade long resistanceBreaking and closing above a decade long resistance
Targets 2380-3790
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