BEL (Bharat Electronics Ltd) is exhibiting strong price structure, trading above key moving averages and forming a VCP (Volatility Contraction Pattern) near its recent highs — signalling strength and potential breakout continuation.
On the fundamental side, BEL continues to benefit from a robust defence order pipeline, steady execution, and strong sectoral tailwinds driven by the government’s Make-in-India and defence modernization initiatives.
Buy Zone: ₹413
Stop Loss: ₹392
Targets: ₹450 / ₹505
View: Short-term positional; bullish bias supported by both price structure and fundamentals.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.