Technical Momentum Shifts Amid Market Volatility
Technical Momentum and Indicator Overview
The technical trend for BEML has transitioned from mildly bullish to mildly bearish, signalling a subtle change in market sentiment. Weekly and monthly Moving Average Convergence Divergence (MACD) indicators both reflect a mildly bearish stance, suggesting that momentum may be waning over these periods. Meanwhile, the Relative Strength Index (RSI) on weekly and monthly charts does not currently emit a definitive signal, indicating a neutral momentum balance without clear overbought or oversold conditions.
Bollinger Bands, which measure price volatility and potential breakout points, show bearish tendencies on both weekly and monthly timeframes. This suggests that price volatility is skewed towards…
