BEL - Technical Analysis

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

Technical Rating: 3.2

Here’s a full technical breakdown for BEL (Bharat Electronics Ltd) ⚙️📊

📉 Trend Analysis

Status: Currently in a pullback/reversal phase after a strong rally earlier this year

Price Position

Trading below 50 DMA (₹391) but above 200 DMA (₹330)

Indicates short-term weakness but long-term strength

52W Index (75.6%) ➤ strong longer-term momentum, but facing resistance

📈 Indicator Insights

RSI (37.7)

Approaching oversold territory ➤ weak momentum but nearing possible support

MACD (-2.67)

Bearish crossover with negative divergence ➤ confirms short-term selling pressure

Volume Spike

Today’s volume (2.68 Cr) > weekly average ➤ high participation during down move = potential capitulation or institutional activity

Bollinger Bands

Price likely near lower band ➤ signals oversold condition and possible bounce if supported

🚀 Momentum Signals

Bearish in short term

MACD falling

RSI below 40

Price below 50 DMA

Positive FII flows (+1.01%) suggest underlying long-term confidence

DII outflows may reflect short-term rebalancing

💰 Optimal Entry & Exit Zones

Action Price Zone (₹) Technical Reasoning

Entry (Aggressive) ₹370 - ₹382 Near lower Bollinger Band and minor support

Entry (Safe) ₹392 - ₹396 On reclaiming 50 DMA level

Exit (Partial) ₹410 - ₹420 Resistance near recent highs

Exit (Full) ₹430+ Near 52W high — ideal for breakout trailing stop

🧩 Extra Observations

Debt-to-equity = 0.00 ➤ pristine balance sheet

PEG Ratio (1.69) ➤ valuation premium is modest relative to growth

Quarterly PAT drop ➤ seasonal or cyclical weakness may explain recent selling

P/E (51.6) vs Industry PE (68) ➤ below peer average, which may cushion downside risk

🧭 Summary

Trend: Reversing (Short-Term), Bullish (Long-Term)

Momentum: Weak but stabilizing

Pattern Status: Consolidating near support zones

Technical Rating: 3.2

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