Is BEML Ltd technically bullish or bearish?

Jun 15 2025 08:02 AM IST
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As of June 13, 2025, BEML Ltd's trend is mildly bullish, supported by weekly bullish indicators and Bollinger Bands, despite some bearish signals on daily moving averages and monthly indicators.
As of 13 June 2025, the technical trend for BEML Ltd has changed from sideways to mildly bullish. The current stance is mildly bullish, supported by the weekly MACD and KST indicators showing bullish signals, while the monthly MACD and KST are mildly bearish. The Bollinger Bands indicate a bullish trend on both weekly and monthly time frames. However, daily moving averages are mildly bearish, which tempers the overall bullish sentiment. The Dow Theory also supports a mildly bullish stance on both weekly and monthly levels. Despite a recent decline in the weekly return, the stock has shown strong performance over longer periods, particularly in the 3-year and 5-year comparisons.
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