BEML Ltd

NSE :BEML   BSE :500048  Sector : Capital Goods-Non Electrical Equipment

The technical analysis shows that the stock has once again attempted to resume its up move. Prices comfortably closed above 20 EMA support and a rising window occurred on the candles. In the daily chart we have shown the ADX indicator, which shows the strength of the trend. In simple terms, it measures the strength of positive bar formation over negative bars over the given period of time. We can see +DI is above –DI and ADX is placed near 37 which indicates strong positive momentum in the trend.

In short, BEML LTD seems to be positive. Upside move can be continued towards 1380 and then 1450 levels as long as we do not see any closing below 20 EMA support near 1280 levels.

Check More Analysis on BEML at: BEML Ltd

Granules India Ltd

NSE :GRANULES   BSE :532482  Sector : Pharmaceuticals

As shown on the daily chart pattern, Stock prices have given a breakout out of Middle Band Bollinger which indicates that the downside trend which started from the 370 levels has completed and now prices can generate upside momentum in the coming period. The Relative Strength Index (RSI) on the daily chart is 51.71 which confirms the positive bias in the stock with short term bullish confirmation.

In short, GRANULES looks to be positive., A break above 331 levels could take the price towards 340 and then 357 levels till 314 levels are maintained on the downside.

Check More Analysis on GRANULES at: Granules India Ltd