⚠ Disclaimer: This report is generated using AI tools and is for informational purposes only. It does not constitute investment advice. Please consult a registered financial advisor before making any investment decisions.
BEL - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.9
| Stock Code | BEL | Market Cap | 3,20,972 Cr. | Current Price | 439 ₹ | High / Low | 462 ₹ |
| Stock P/E | 54.0 | Book Value | 29.1 ₹ | Dividend Yield | 0.55 % | ROCE | 39.4 % |
| ROE | 29.5 % | Face Value | 1.00 ₹ | DMA 50 | 412 ₹ | DMA 200 | 384 ₹ |
| Chg in FII Hold | 0.37 % | Chg in DII Hold | -0.41 % | PAT Qtr | 1,590 Cr. | PAT Prev Qtr | 1,286 Cr. |
| RSI | 53.8 | MACD | 8.45 | Volume | 10,97,58,230 | Avg Vol 1Wk | 5,76,19,869 |
| Low price | 240 ₹ | High price | 462 ₹ | PEG Ratio | 1.74 | Debt to equity | 0.00 |
| 52w Index | 89.8 % | Qtr Profit Var | 20.8 % | EPS | 8.14 ₹ | Industry PE | 56.2 |
📈 Technical Analysis
- Chart Patterns: Stock is trading close to its 52-week high (462 ₹), showing strong upward momentum from lows (240 ₹).
- Moving Averages: Current price (439 ₹) is above both 50 DMA (412 ₹) and 200 DMA (384 ₹), confirming bullish trend.
- RSI: At 53.8, stock is in neutral zone, suggesting balanced momentum with potential for further upside.
- MACD: Positive (8.45), indicating bullish momentum continuation.
- Bollinger Bands: Price near upper band, showing strength but caution for short-term overextension.
- Volume Trends: Current volume (10,97,58,230) is significantly higher than average weekly volume (5,76,19,869), confirming strong participation and bullish sentiment.
🎯 Momentum & Trade Zones
- Short-term Momentum: Strong bullish momentum supported by volume and MACD.
- Support Levels: 425 ₹ (near-term), 412 ₹ (50 DMA), 384 ₹ (200 DMA).
- Resistance Levels: 450 ₹ (short-term), 462 ₹ (recent high).
- Optimal Entry: 425–435 ₹ range on dips.
- Optimal Exit: 455–460 ₹ range unless breakout above 462 ₹ is confirmed.
📊 Trend Status
Stock is trending upward with strong momentum. Indicators suggest continuation of bullish trend with possible consolidation near resistance.
✅ Positive
- Strong ROCE (39.4%) and ROE (29.5%).
- Debt-free balance sheet (Debt-to-equity: 0.00).
- Quarterly PAT growth (1,590 Cr. vs 1,286 Cr.), showing earnings strength.
- 52-week index gain of 89.8% highlights strong investor confidence.
⚠️ Limitation
- High valuation with P/E of 54.0 vs industry P/E of 56.2.
- Dividend yield relatively low at 0.55%.
- Stock trading near resistance (462 ₹), risk of short-term consolidation.
📉 Company Negative News
- DII holding decreased (-0.41%), showing reduced domestic institutional interest.
📈 Company Positive News
- FII holding increased (+0.37%), reflecting foreign investor confidence.
- Strong quarterly profit growth (+20.8%).
🏭 Industry
- Defense sector trading at industry P/E of 56.2, in line with BEL’s valuation.
- Sector supported by government defense spending and modernization initiatives.
🔎 Conclusion
BEL is technically strong with bullish signals across moving averages, MACD, and volume. Short-term consolidation may occur near 450–462 ₹, but trend remains upward. Traders can enter around 425–435 ₹ with exit near 455–460 ₹, while long-term investors may hold for breakout above 462 ₹.