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Rakesh Madhav CFA

28th Jan · SEBI-Registered Analyst

📊 Bharat Electronics Ltd (BEL) – Fresh Upside Expansion

BEL
🔹 BEL has given a decisive upside breakout after a prolonged range. 🔹 Price is well above rising 9-EMA, indicating strong trend continuation. 🔹 Volume spike confirms institutional participation. 🔹 RSI ~72 → bullish momentum intact. 📌 View: Momentum-driven uptrend; strength likely to continue if price holds above EMA. 📌 Bias: Buy on minor pullbacks / Trail profits ⚠️ Watch: Any sharp reversal with volume near highs.

#TechnicalViews#FundamentalViews#EquityResearch
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