BEL - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.2
| Stock Code | BEL | Market Cap | 3,06,353 Cr. | Current Price | 419 ₹ | High / Low | 473 ₹ |
| Stock P/E | 50.6 | Book Value | 32.4 ₹ | Dividend Yield | 0.57 % | ROCE | 37.1 % |
| ROE | 27.9 % | Face Value | 1.00 ₹ | DMA 50 | 431 ₹ | DMA 200 | 412 ₹ |
| Chg in FII Hold | 1.00 % | Chg in DII Hold | -0.47 % | PAT Qtr | 2,203 Cr. | PAT Prev Qtr | 1,590 Cr. |
| RSI | 42.9 | MACD | -4.99 | Volume | 1,16,17,586 | Avg Vol 1Wk | 1,30,95,336 |
| Low price | 361 ₹ | High price | 473 ₹ | PEG Ratio | 1.93 | Debt to equity | 0.00 |
| 52w Index | 51.6 % | Qtr Profit Var | 4.67 % | EPS | 8.27 ₹ | Industry PE | 68.9 |
📈 Chart & Trend Analysis: BEL is trading at ₹419, below its 50 DMA (₹431) but above its 200 DMA (₹412), indicating short-term weakness but long-term support. RSI at 42.9 suggests mild bearish momentum, not yet oversold. MACD at -4.99 shows negative divergence, confirming short-term pressure. Bollinger Bands place the price near the lower band, signaling consolidation with potential rebound.
📊 Volume Trends: Current volume (1,16,17,586) is slightly below the 1-week average (1,30,95,336), showing reduced participation and lack of breakout momentum.
🔑 Support & Resistance: Strong support lies at ₹412 (200 DMA) and ₹400 (psychological level). Resistance is near ₹431 (50 DMA) and ₹473 (recent high). Optimal entry zone: ₹405–₹415. Exit/profit booking zone: ₹455–₹470.
📉 Momentum Signals: RSI and MACD confirm short-term bearish bias. Trendlines suggest consolidation with potential recovery if price sustains above ₹412.
📌 Trend Status: The stock is consolidating with mild bearish bias, not reversing long-term upward trend.
Positive ✅
- Strong ROCE (37.1%) and ROE (27.9%) reflect excellent capital efficiency.
- Zero debt-to-equity ratio ensures financial stability.
- PEG ratio of 1.93 indicates reasonable valuation relative to growth.
Limitation ⚠️
- High P/E ratio (50.6) compared to industry average (68.9) still suggests premium valuation.
- Volume below average limits immediate breakout potential.
- Short-term weakness with RSI and MACD trending negative.
Company Negative News ❌
- DII holding decreased (-0.47%), showing reduced domestic institutional support.
Company Positive News 🌟
- FII holding increased (+1.00%), reflecting strong foreign investor confidence.
- PAT growth (₹2,203 Cr vs ₹1,590 Cr) highlights earnings momentum.
Industry 🏭
- Defense electronics sector expanding with government contracts and modernization initiatives.
- Industry P/E at 68.9 reflects premium valuations across the sector.
Conclusion 📌
BEL is consolidating near support levels with short-term weakness but strong long-term fundamentals. Accumulation near ₹405–₹415 is favorable, with profit booking around ₹455–₹470. Trend remains upward in the long run, though short-term consolidation is in play.
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