The defense sector is turning bullish. BEL has been trading over a tight range in a BOX PATTERN between 271 – 306 for nearly six months. It has turned bullish for the past one week. 20 EMA crossed above 50 EMA, confirming the bullishness. Support Levels: 271, 259, 240 Resistance Levels: 306, 309, 325, 339
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