New Delhi, April 16 -- Weekly expiry hesitation has been laid to rest and a strong closing gives confidence that the recent highs would be surpassed. As the possibility of a new high emerges, the resistance at 24,300 is gradually weakening, making today a crucial session.

BEML (Current price Rs.1,711.60)

Buy above Rs.1715, stop Rs.1640, target Rs.1915 (multiday)

⦁ Why it's recommended: BEML Limited (formerly Bharat Earth Movers Limited), established in 1964, is a premier Indian PSU manufacturing heavy equipment for defence, mining, construction, and rail/metro sectors. A rounding bottom pattern that formed after the recent decline has shown some strong upward thrust since the start of April 2026, generating some fresh bullish mo...