BEML support resistance
Stock showed strong bulls action once it holds above its resistance zone @ 1618, intraday stock touched 1666.90. Technical chart indicates that BEML has closed above its resistance zone, as long as stock holds above its resistance zone bulls will be favored and price rise expecting in coming days. Visit this page for BEML support resistance. For today’s trading 24-07-17 stock closed with a gain of Rs.61.35 stock up by 3.86% at Rs.1649.95 at NSE.
BEML support resistance – Stock finding resistance @ 1618.
Stock bounce back up from its support zone @ 1514 today (21-07-2017) as shown in previous recommendation. Technical chart indicates that today we have witnessed good bull rally in BEML as it moved from its support and once it broke its intraday resistance 1598 then we saw intraday bulls action and stock touched an intraday high 1617.60. Stock now finding trend line resistance around 1618, further price rise can be seen once it closes and holds above its resistance zone as shown in above technical image. Intraday we can see price rise action once it holds above 1618. Visit this page for BEML support resistance. Suggested link – Visit link Ambuja cements share price forecast. Share price of BEML today closed with a gain of Rs. 53.65 (+3.50 at Rs. 1588.60 at NSE.
BEML Technical Chart – Stock at support @ 1514.
Stock witnessed bears action from its trend line resistance zone @ 1598 as shown in previous technical chart. BEML now finding trend line support at current levels @ 1514, bulls will be favored as long as stock holds above its trend line. Further bears action expecting once it closes and holds below 1514. Visit this page for BEML support resistance.
Today (19-07-17) stock currently holding above its support zone and it is trading around 1527.55 up by Rs. 5.75 (0.40%) at 10:50 am at NSE. Stock opened 1531.20, high 1544.40 and low 1525. Total traded volume so far were 137339.
BEML support resistance – Stock at resistance @ 1598.
BEML support resistance technical chart indicates that stock finding strong trend line resistance at current levels. Further bulls action expecting once stock closes and holds above its trend line resistance zone. Intraday we can see some price rise action once stock holds above its resistance zone. If stock fails to holds above it trend line resistance zone then correction expecting.
BEML Support resistance level, If stock moves up further then will find resistance around 1598, 1610 and if falls from current levels then will find support around 1530, 1425. (levels as per above chart).
For todays trading, share price of BEML is trading around 1566.10 (+1.21%) up by Rs.18.65 as per yesterdays closing at National stock exchange at 10:35 am. Stock opened 1556, made an intraday high 1572.45 and low 1545.05. Total traded volume so far is 160213. BEML 52 weeks high is 1597.75 and 52 weeks low 771.
The promoters holding in the company stood at 54.03 %. While Institutions and Non-Institutions held 30.68 % and 15.29 % respectively.Stock was on News – Public sector defence major BEML Ltd has signed a memorandum of understanding (MoU) with the National Law School of India University (NLSIU). Click here to read more.
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