BEML Ltd: Bullish Breakout Analysis

Update:
BEML secured a ₹136 crore order from the Ministry of Defence, strengthening its fundamentals and boosting investor sentiment.

• Technical Highlights:
• Breakout Zone: Stock broke above ₹4,500 resistance with strong volumes, confirming bullish momentum.
  
• Key Levels:

1. Support: ₹4,300 | ₹4,040
   
2. Resistance: ₹4,762 | ₹4,995 | ₹5,205 | ₹5,472 (Fibonacci target).
   

• Trend: Higher highs and higher lows indicate a sustained uptrend.
  
• Momentum: RSI in overbought territory suggests strong buying pressure, with potential minor pullbacks.
  

Outlook:
The technical breakout, combined with a solid fundamental catalyst, positions BEML for a potential rally toward ₹5,200–₹5,470. A stop-loss below ₹4,300 is advised for risk management.

Disclaimer:
This is for educational purposes only. Please consult a financial advisor before investing.