!BEL

Defence stocks continue to remain in focus amid strong order inflows and increasing government spending on indigenous defence manufacturing. BEL has been showing strong price structure with steady buying on dips. • Strong order book visibility from defence contracts • Consistent revenue and margin growth • Defence sector momentum remains strong in the market Technical Setup The stock has been consolidating near resistance, indicating accumulation. A breakout above the immediate resistance zone could trigger fresh momentum. Levels to Watch (for Monday): • Above: ₹225 → Momentum towards ₹232 – ₹238 • Support: ₹216 Defence stocks often show strong momentum when the sector is active, making BEL an interesting stock to watch for short-term opportunities.