Bharat Electronics Ltd (BEL) – 1D

Trend: Price is in a medium-term uptrend after forming a higher low near the 380–385 zone and reclaiming the 400+ area. Currently consolidating below major resistance. Support & Resistance: Support: 400 – 405, then 380 – 385 Resistance: 436 – 440, then 455+ Expected Move: Sustained move above 440 can trigger a fresh upside expansion. Until then, price may continue to consolidate between 400–440. Short Fundamentals Summary: BEL is a strong PSU defence electronics company with consistent order inflow, government backing, and healthy long-term demand from defence and infrastructure modernization. Final Verdict: Structurally strong. Needs a breakout above 440 for fresh momentum; otherwise remains in healthy consolidation.