BEL - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.3

Here’s a detailed technical analysis of BEL (Bharat Electronics Ltd)

📊 Trend Overview

Current Trend: Bullish

Status: The stock is trending upward, supported by strong price action above key moving averages and bullish momentum indicators.

📈 Moving Averages

DMA 50: ₹386

DMA 200: ₹346

Current Price: ₹410

✅ Price is above both 50-DMA and 200-DMA, confirming a strong uptrend. These levels now act as support zones.

📉 Momentum Indicators

RSI (14-day): 68.2 — Bullish zone, nearing overbought territory. May signal short-term pause or consolidation.

MACD: +5.67 — Bullish crossover, indicating continued upward momentum.

Volume: 1.40 crore vs 1-week avg of 2.19 crore — Slightly below average, suggesting mild caution on participation.

📊 Bollinger Bands

Price is near the upper band, indicating bullish momentum but also potential short-term volatility or pullback.

🔍 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 386 50-DMA, immediate support

Support 2 370 Previous swing low

Resistance 1 420 Minor resistance zone

Resistance 2 436 52-week high, major breakout level

Resistance 3 460–470 Medium-term target if momentum sustains

🎯 Entry & Exit Zones

Optimal Entry: ₹386–₹400 range on pullback with volume confirmation.

Exit Zone: ₹430–₹450 for short-term traders; ₹470+ for medium-term breakout players.

⚠️ Short-Term Signals

MACD bullish, RSI strong, and price above key averages suggest continued momentum.

RSI nearing 70 may lead to short-term consolidation before resuming trend.

Despite a dip in quarterly profit, technicals remain supportive of upside.

🧭 Summary

Trend: Bullish with breakout potential

Momentum: Strong; MACD and price action support upside

Technical Rating: 4.3 — Positive setup with short-term caution due to RSI

Would you like a comparison with other defense sector stocks like HAL or BDL to assess relative strength?

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