This was posted when it was traded at 384 and after this post it went up to 414.10 on 05th July 2012 and from there fall started and on 08th Aug 2013 it attacked the mentioned down side target of 120 (on that date it made low 106 and not only that from there it moved up and on the same day itself, it closed at 143). So this 75% fall from the high,took more than one year to complete the mentioned down side target.

Now, as for as this stock concerned already bottomed out at 120 level and after 8 weeks consolidation, this week it zoomed  23 % 
Below is the weekly chart of BEML, for zoom click the chart 

beml weekly chart 


now what is in ?

Immediate Support exists at 166-156

and face resistance 190--200

But trade and stays above that next in upside  270-290

and above that 365-385