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Umang Bhutada

14th Jan · SEBI-Registered Analyst

Bharat Electronics (BEL) — 1D

BEL
Summary: BEL is trading within a broader range and has recently bounced from the lower end of that structure, suggesting a short-term recovery attempt inside a larger consolidation. Structure: Range-bound behavior between 385–435. Recent higher low from the base indicates improving demand. Key Zones: Support: 385–390 Mid-range: 405–410 Supply / resistance: 435–440 View: Price is in a mean-reversion phase within a bigger range. A sustained move above the upper boundary would be required for fresh trend continuation.

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