BEL (Bharat Electronics Ltd.) Cup and Handle pattern Daily

Here's the **analysis** for **BEL (Bharat Electronics Ltd.)**

Need to close above 306 for confirmation
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### 🏭 **BEL (NSE) Technical Analysis**

1. **Pattern Observed:**
- Clear **Cup and Handle** pattern.
- Breakout happening **around ₹305**.
- Also, a **falling channel breakout** is observed (yellow parallel lines).

2. **Key Levels:**
- **Breakout Zone:** ₹305.
- **Current Price:** Around ₹305.
- **Resistance Levels:**
- ₹340 (intermediate resistance — recent swing high).
- **Major Target:** ₹369-370 zone (based on the cup height projection).
- **Support Levels:**
- ₹290 (handle low).
- ₹265-270 (channel mid-support).

3. **Volume Confirmation:**
- Good volume surge during the breakout, confirming buyer strength.

4. **Target Projection:**
- Height of Cup = ~₹64.
- Projected Target = Breakout Price + Height
- ₹305 + ₹64 ≈ **₹369** (aligned with your target).

5. **Trend Strength:**
- Breakout from a **long consolidation range** (almost a year).
- Momentum could stay strong if ₹305 holds.

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### 📈 **Summary**
| Aspect | Detail |
|:------|:-------|
| Pattern | Cup and Handle + Falling Channel Breakout |
| Breakout Level | ₹305 |
| Immediate Target | ₹340 |
| Major Target | ₹369-370 |
| Support | ₹290, ₹270 |
| Bias | **Strong Bullish** |

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### 📋 **Trading Idea (Example Setup)**
- **Entry:** ₹305-310
- **Stop Loss:** ₹288 (below handle low)
- **Target 1:** ₹340
- **Target 2:** ₹369

Risk-Reward is favorable (approx 1:3).

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