Daily Analysis on

BEL

Technical View On the

daily chart, BEL is showing consolidation after a recent decline from higher levels. The stock is trading near ₹380, with support around ₹372–365 levels and resistance at ₹390–405. Indicators: EMA: Stock is hovering around 20 & 50-day EMA, showing sideways trend. RSI (39): Indicates weak momentum but oversold conditions may provide short-term recovery. MACD: Showing bearish crossover, suggesting caution. Parabolic SAR: Dots above price – indicates selling pressure. Outlook: Short Term: Range-bound between 365–405. Medium Term: A breakout above 405 could take it towards 430–440, while a breakdown below 365 may invite further downside. Upcoming Events & Impact Q2 FY26 Results (Expected Oct 2025): Strong execution expected; order book updates will be key trigger. Defence Expo & Government Tenders: Fresh order announcements can boost stock sentiment. Policy Updates on Defence Capex: Higher allocation will positively impact BEL’s long-term growth.