BEML Limited
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BEML- Breakout update

444
BEML CMP: 4360.25; RSI: 67.40;
BEML has completed primary level ABC correction pattern. Now clear breakout above 4280 level was observed as script is sustaining above breakout level from last 3 consecutive trading sessions, representing strength in script and bottoming out signs.

Thus, fresh position in BEML can be initiated. Chart structure is strong and must be accumulated for a swing trade as per below suggested levels.

Accumulation Zone: 4300-4400
Stop Loss: 4280
Target: 4604-5052-6234


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