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Technicals for BEML Limited
By MusingTheNews
2025-05-30 20:24
Overall Technical outlook
Price Summary
On 2025-05-30, BEML Limited's stock opened at 4239.9, reached 4342.6, hit a low of 4206.0, and rose -0.23% to close at 4230.1, with 776613 shares traded. The top price for the stock in the last 52 weeks is 5202.3, with the bottom price being 2414.4.
Technicals
Support and Resistance: At 4230.1, the price for BEML is supported at 4192.6 and resisted at 4192.6. This indicates a trading range where 4192.6 serves as a support level, potentially preventing further decline, while 4192.6 could limit upward movement. Support/Resistance for BEML
Aroon: The AROON is in a neutral stance for BEML, not indicating a clear upward or downward trend. This suggests a period of market indecision, where neither bulls nor bears have the upper hand. Aroon chart for BEML Limited
Bol. Bands: The current state of the BOLL BANDS is neutral for BEML, providing no clear indication of a trend in either direction. This suggests that the market may be lacking momentum, making it difficult to predict future movements. Bolinger Bands chart for BEML Limited
Parabolic SAR: The PSAR for BEML continues to signal a bullish outlook, establishing a crucial support level that may help sustain the current upward momentum. This level of support suggests that the market is likely to continue trending higher, providing a foundation for ongoing bullish movement. Parabolic Stop and Reverse chart for BEML Limited
Stochastic: The stochastic indicator shows the K-line below the D-line but still above 80, suggesting the possible onset of a bearish price move. This setup hints that the market's recent gains could be reversing, potentially leading to a decline. Traders should monitor this development for further signs of weakness. Stochastic chart for BEML Limited
Tripple Moving Agerage: The alignment of the 20, 50, and 100 moving averages points to a bearish trend, but the slopes of the 20 and 50 SMAs are starting to waver. This weakening of the bearish momentum could indicate that the market is approaching a turning point, with the possibility of a bullish reversal on the horizon. Investors should be alert for signs of a trend change as the current downtrend may be losing steam. Tripple SMA chart for BEML Limited
Analyzing the technical indicators of a company, such as stock price and trading volume, requires first understanding its fundamentals. These fundamentals include profitability, growth potential, and market position. Furthermore, knowing the broader industry trends and competitive landscape provides critical context. When both the company's internal data and the external environment are considered, it allows for more meaningful conclusions about the company's technical performance and future trajectory.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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