BEML: Another Short Term Technical Call

Buy BEML at CMP of Rs 996 with stop loss of Rs 980 for a target of Rs 1050 in 3-4 days. Short term target is Rs 1100.

Technically, the scrip is currently trading just below its 200 day EMA and likely to cross it soon. The stock is consolidating between 950 & 1050 for last 1 month. Scrip has very strong support at 950. Scrip is very strong above 1021 and likely to cross 1050 & could touch 1100 once it closes above 1021.

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IndiaStock

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