BEL BEL on watch — Budget push and defence theme in play
Bharat Electronics Limited
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What traders are saying
BEL BEL on watch — Budget push and defence theme in play
BEL Breakout after consolidating for half a year
BEL Delivery Buy BEL Above 428 Stop Loss 387 Targets 470-514
BEL After good run up BEL showed some profit booking and now it has been consolidating for quite sometime. It is making a triangle pattern as seen in the chart and can give a good move on either side if breakout or breakdown happens of the pattern. My bias is towards upside. Jai Shree Ram.
BEL 440 waiting cmp 433 in 30mtf
BEL over valued
BEL
As of May 13, 2025, Bharat Electronics Ltd (NSE: BEL) closed at ₹335.75, reflecting a 4.21% gain for the day.
📊 4-Hour Timeframe: Support & Resistance Levels
Based on recent technical analyses and chart patterns, here are the key support and resistance levels for BEL on the 4-hour chart:
🔻 Support Levels
₹317.10: Identified as a significant support from accumulated volume.
₹316.15: Another support level based on volume accumulation.
₹282.40: A deeper support level, indicating a potential area where buyers may step in.
₹259: Critical support level as per Elliott Wave analysis; maintaining above this level supports the bullish structure.
₹229: Major support level; a drop below this could invalidate the current bullish wave count.
🔺 Resistance Levels
₹337.81: Fibonacci R1 level, indicating immediate resistance.
₹341.34: Fibonacci R2 level, marking a higher resistance point.
₹347.05: Fibonacci R3 level, suggesting a strong resistance area.
₹318: A breakout above this level would reinforce bullish momentum, potentially targeting levels above ₹380.
📈 Technical Outlook
BEL is currently in an upward trajectory within Minute Wave ((iii)) of Minor Wave 5, according to Elliott Wave analysis. To maintain this bullish structure, the price should stay above ₹259, with ₹229 being a critical support level. A breakout above ₹318 would confirm bullish control, with potential targets exceeding ₹380.
🔍 Additional Insights
Trend: The stock is in a strong rising trend in the short term, with expectations to rise 24.62% over the next 3 months, potentially reaching between ₹372.57 and ₹423.65.
Volatility: BEL has average daily movements with good trading volume, indicating medium risk.
Stop-Loss Recommendation: A suggested stop-loss is at ₹320.09, considering the medium daily movements and risk
As of May 13, 2025, Bharat Electronics Ltd (NSE: BEL) closed at ₹335.75, reflecting a 4.21% gain for the day.
📊 4-Hour Timeframe: Support & Resistance Levels
Based on recent technical analyses and chart patterns, here are the key support and resistance levels for BEL on the 4-hour chart:
🔻 Support Levels
₹317.10: Identified as a significant support from accumulated volume.
₹316.15: Another support level based on volume accumulation.
₹282.40: A deeper support level, indicating a potential area where buyers may step in.
₹259: Critical support level as per Elliott Wave analysis; maintaining above this level supports the bullish structure.
₹229: Major support level; a drop below this could invalidate the current bullish wave count.
🔺 Resistance Levels
₹337.81: Fibonacci R1 level, indicating immediate resistance.
₹341.34: Fibonacci R2 level, marking a higher resistance point.
₹347.05: Fibonacci R3 level, suggesting a strong resistance area.
₹318: A breakout above this level would reinforce bullish momentum, potentially targeting levels above ₹380.
📈 Technical Outlook
BEL is currently in an upward trajectory within Minute Wave ((iii)) of Minor Wave 5, according to Elliott Wave analysis. To maintain this bullish structure, the price should stay above ₹259, with ₹229 being a critical support level. A breakout above ₹318 would confirm bullish control, with potential targets exceeding ₹380.
🔍 Additional Insights
Trend: The stock is in a strong rising trend in the short term, with expectations to rise 24.62% over the next 3 months, potentially reaching between ₹372.57 and ₹423.65.
Volatility: BEL has average daily movements with good trading volume, indicating medium risk.
Stop-Loss Recommendation: A suggested stop-loss is at ₹320.09, considering the medium daily movements and risk
BEL
As of April 29, 2025, here are the key 2-hour support and resistance levels for Bharat Electronics Ltd (NSE: BEL) based on recent technical analyses:
📈 2-Hour Support and Resistance Levels
Type Level (₹)
Resistance 1 (R1) ₹292.55
Resistance 2 (R2) ₹294.85
Resistance 3 (R3) ₹296.35
Support 1 (S1) ₹286.35
Support 2 (S2) ₹284.05
Support 3 (S3) ₹282.10
These levels are derived from recent intraday price action and can serve as potential reversal or breakout zones for the stock.
📊 Additional Technical Indicators
Relative Strength Index (RSI): Approximately 55.26, indicating a neutral to slightly bullish momentum.
Money Flow Index (MFI): Approximately 50.44, suggesting balanced buying and selling pressure.
Moving Average Convergence Divergence (MACD): Approximately -0.92, indicating a bearish trend.
Average True Range (ATR): Approximately 8.7, indicating moderate volatility.
📌 Key Observations
Resistance Levels: If BEL breaks above ₹292.55, it may face resistance at ₹294.85 and ₹296.35.
Support Levels: A decline below ₹286.35 could lead to further support at ₹284.05 and ₹282.10.
Trend Analysis: The stock is currently trading within a range, with key levels at ₹292.55 on the upside and ₹286.35 on the downside. A breakout above or below these levels could indicate the next directional move.
Please note that these levels and indicators are based on historical data and technical analysis, and actual market conditions may vary. It's advisable to conduct further research or consult with a financial advisor before making investment decisions.
As of April 29, 2025, here are the key 2-hour support and resistance levels for Bharat Electronics Ltd (NSE: BEL) based on recent technical analyses:
📈 2-Hour Support and Resistance Levels
Type Level (₹)
Resistance 1 (R1) ₹292.55
Resistance 2 (R2) ₹294.85
Resistance 3 (R3) ₹296.35
Support 1 (S1) ₹286.35
Support 2 (S2) ₹284.05
Support 3 (S3) ₹282.10
These levels are derived from recent intraday price action and can serve as potential reversal or breakout zones for the stock.
📊 Additional Technical Indicators
Relative Strength Index (RSI): Approximately 55.26, indicating a neutral to slightly bullish momentum.
Money Flow Index (MFI): Approximately 50.44, suggesting balanced buying and selling pressure.
Moving Average Convergence Divergence (MACD): Approximately -0.92, indicating a bearish trend.
Average True Range (ATR): Approximately 8.7, indicating moderate volatility.
📌 Key Observations
Resistance Levels: If BEL breaks above ₹292.55, it may face resistance at ₹294.85 and ₹296.35.
Support Levels: A decline below ₹286.35 could lead to further support at ₹284.05 and ₹282.10.
Trend Analysis: The stock is currently trading within a range, with key levels at ₹292.55 on the upside and ₹286.35 on the downside. A breakout above or below these levels could indicate the next directional move.
Please note that these levels and indicators are based on historical data and technical analysis, and actual market conditions may vary. It's advisable to conduct further research or consult with a financial advisor before making investment decisions.
BEL good buy opportunity for short term at this levelBEL Delivery Buy BEL above 291 Stop Loss 263 Target 320-380