BEL

BEL continues to remain one of the strongest stocks within the defence theme, supported by consistent order inflows and sector momentum. The stock structure remains bullish with sustained buying on dips. Trend: Strong uptrend with consolidation breakout potential Support Zone: ₹420 – ₹425 Resistance Zone: ₹460 Momentum: Defence stocks showing renewed strength in April Defence stocks, including BEL, rallied recently after robust business updates and fresh orders across the sector. Fresh Order Wins BEL secured new orders worth about ₹569 crore, strengthening revenue visibility and keeping the order pipeline strong. Strong Order Book & Growth Visibility The company holds an order book of around ₹74,000 crore, providing long-term earnings visibility. Sector Tailwind India’s defence sector is entering a major growth phase driven by government spending and indigenisation initiatives. BEL remains a trend-following candidate within the defence space. The stock typically shows momentum after consolidation phases, and sustained defence spending continues to support the sector narrative. Bias: Bullish above ₹420 Invalidation: Sustained breakdown below support