BEL - IntraDay Trade Analysis

Last Updated Time : 02 Aug 25, 12:58 am

🔧 Intraday Trade Analysis – BEL (Bharat Electronics Ltd)

IntraDay Trade Rating: 3.6

BEL is a technically pressured but fundamentally strong contender for intraday maneuvering today. The RSI and MACD are tilted bearish, which means momentum isn't explosive, but massive volume and clean financials offer room for tactical entries — especially for bounce traders.

🔍 Technical Insights

Current Price (₹388) is slightly below 50-DMA (₹391) — hinting at resistance and hesitation.

RSI (37.7): On the cusp of oversold — if it dips further and volume supports, reversal trade could develop.

MACD (-2.67): Momentum remains bearish; watch for crossover signs.

Volume Spike (2.68 Cr.) vs Avg 1Wk (1.52 Cr.): Surge in interest today — can provide fuel for price action if sentiment turns.

📈 Fundamentals Snapshot

ROCE (39%) / ROE (29.3%): Superb operational efficiency.

Debt-free: Offers financial flexibility.

Qtr Profit Drop: ₹969 Cr. vs ₹2,127 Cr. — may be weighing on sentiment temporarily.

FII holding +1.01% shows rising institutional confidence.

PEG Ratio (1.69): Balanced growth-to-valuation mix.

Industry PE (68) is above BEL’s PE (51.6) — relatively fair price despite quality.

💡 Intraday Trade Setup

✅ If Initiating New Trade

Buy Zone: ₹384 – ₹388 (bounce potential near RSI oversold zone and volume defense)

Profit Target: ₹394 – ₹398 (just above 50-DMA, psychological resistance zone)

Stop Loss: ₹379 (below intraday support; protects against deeper pullbacks)

⏳ Already Holding Today? Look For These Exit Signals

Exit may be prudent if

Price fails to reclaim ₹391 (50-DMA) despite strong volume surge by 1:30–2:00 PM IST.

RSI dips below 35, confirming continued weakness.

MACD gap widens further negative.

Volume drops below 1.5 Cr. post-lunch — signal of fading trader interest.

🕒 Exit Window Recommendation: 2:15–3:00 PM IST, especially if ₹392–₹394 zone doesn't hold momentum.

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