Bharat Electronics (BEL) (Daily)

Technical Analysis Trend: Sideways to mildly bullish. Structure: Stock is building higher lows after correction from ₹430 zone. Support: Strong base visible around ₹385–390. Resistance: Supply zone near ₹430 remains to be cleared. Key Levels: Support: ₹390 → ₹375 → ₹360 Resistance: ₹430 → ₹450 Fundamental Analysis Business: Defence electronics PSU with strong government order book. Growth Drivers: Rising defence spending, indigenisation push. Visibility: Multi-year revenue visibility from long-term contracts. Quality: Strong balance sheet, consistent cash flows. Summary View High-quality business consolidating within long-term bullish structure.