BEML, Bharat Electronics, IREDA, NTPC Share Price Declines; Indian Markets Recover from Lows
BEML, Bharat Electronics, IREDA, NTPC were among major losers in PSU segment in today's session. REC, PFC, NHPC and IRFC were trading positive. Indian markets were trading negative during the early trades but a recovery was witnessed from lower levels. At the time of publication of this report, NSE Nifty was 80 points higher. US President Trump will be announcing tariffs in the evening but majority of his plan is already known for the markets. There could be some small details which can impact the markets. In the past, we have seen President Trump backtracking from many of his tariff decisions but those were enough to create panic in global markets. TopNews Team has reviewed technical levels for some of the PSU stocks for traders.
PSU Stocks Facing Selling Pressure
BEML
The stock is trading near Rs 3,190, close to its recent high of Rs 3,196.45, with key support near Rs 3,132 and Rs 3,068.
A pullback toward Rs 3,117 or Rs 3,132 can be viewed as a potential entry point in a bullish continuation setup.
Watch for a breakout above Rs 3,200 to retest the Rs 3,250–3,300 zone; stop-loss below Rs 3,068 if support fails.
Bharat Electronics
Current range shows consolidation between Rs 274.45 and Rs 290.75, suggesting accumulation.
Immediate retracement support lies at Rs 282.60 and Rs 280.68; resistance remains near the 52-week high of Rs 340.50.
A sustained move above Rs 291 could push the price toward Rs 310–325; watch volume confirmation.
IREDA
Narrow range movement with Rs 162.10 as resistance and Rs 157.50 as strong short-term support.
Retracement levels between Rs 159.80 and Rs 161.01 serve as potential accumulation zones.
A breakout above Rs 162.10 opens the door to Rs 168–175; support lies firmly at Rs 157.50.
NTPC
Trading within a tight channel, with Fibonacci supports at Rs 350.25 and Rs 349.49.
A move above Rs 353.45 may signal trend continuation, with room to test Rs 370–380.
Breakdown below Rs 347.05 could invite profit booking down to Rs 340 area.
Fibonacci retracement levels
Stock | Fibonacci 0% | Fibonacci 23% | Fibonacci 38% | Fibonacci 50% | Fibonacci 61% | Fibonacci 100% |
---|---|---|---|---|---|---|
BEML | Rs 3196.45 | Rs 3166.14 | Rs 3147.38 | Rs 3132.22 | Rs 3117.07 | Rs 3068.00 |
Bharat Electronics | Rs 290.75 | Rs 286.90 | Rs 284.52 | Rs 282.60 | Rs 280.68 | Rs 274.45 |
IREDA | Rs 162.10 | Rs 161.01 | Rs 160.34 | Rs 159.80 | Rs 159.26 | Rs 157.50 |
NTPC | Rs 353.45 | Rs 351.94 | Rs 351.01 | Rs 350.25 | Rs 349.49 | Rs 347.05 |