Bharat Electronics Ltd. - Stock AnalysisDate : 16-Sep-2025
LTP : Rs. 402.90
Technical View:
• NSE:BEL is in primary uptrend since Apr 2025 and was recently going through it's secondary downtrend within primary uptrend.
• From it's all time high of 436 on 1-Jul-2025, it has retraced 17% to 361.20 on 28-Aug-2025 which is also close to Fibonacci retracement level 0.382 placed at 367.00.
• NSE:BEL has breakout from it's secondary downtrend with higher than average volume on 10-Sep-2025. Volume has also increased in last few sessions.
• NSE:BEL has closed above 20 DEMA and 50 DEMA on 10-Sep-2025 and is trading above 20 DEMA and 50 DEMA since last few sessions. 20 DEMA has also crossed over 50 DEMA on 16-Sep-2025.
• MACD has crossed over 0 and entered into bullish zone. It is trading at 2.58.
• RSI has crossed over 50 and trading in buy zone at 66.02.
• Looking good to start a new swing from here.
• Resistance Levels : (R1) Rs. 436 --> (R2) Rs. 480
• Support Level : Rs. 361
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