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(BEL) Bharat Electronics complete technical analysis [charts+indicators] | Buy/Sell Bharat Electronics | (BEL) share price targets

Complete technical analysis of Bharat Electronics (BEL) by charts plus indicators, forecast predictions and share price targets for Bharat Electronics (BEL)

Bharat Electronics trades in NSE in Defence sector.

Showing technical analysis as on 2024-05-08 View latest technical analysis

10 day averaged volume of Bharat Electronics is 21745200

Date	Daily Closing Price	Open	High	Low	Volume
08 Wed May 2024	231.60	227.20	232.65	224.60	0.872 times
07 Tue May 2024	227.40	232.50	235.80	225.45	1.215 times
06 Mon May 2024	231.85	235.10	235.85	230.00	1.491 times
03 Fri May 2024	234.10	237.10	238.00	231.15	0.726 times
02 Thu May 2024	234.75	234.70	237.40	230.75	0.882 times
30 Tue Apr 2024	233.75	236.30	237.30	233.20	0.667 times
29 Mon Apr 2024	235.40	240.15	240.20	234.85	0.914 times
26 Fri Apr 2024	238.95	238.50	241.65	237.90	0.942 times
25 Thu Apr 2024	237.60	236.40	240.05	235.45	0.745 times
24 Wed Apr 2024	236.50	235.25	239.15	234.10	1.536 times

My analysis of stock is bearish for shortterm, and stock might move down till 229.2 or till 225. Use a stoploss of 232.79 and if the stock hits stoploss, then it can shoot up till 236.34

Share price targets for Bharat Electronics (BEL)

Target Type	Value
Downside Target	171.75
Downside Target	179.10
Downside Target	195.50
Downside Target	203.75
Downside Target	209.00
Downside Target	216.80
Downside Target	221.20
Downside Target	230.75
Upside Target	235.85
Upside Target	238.00
Upside Target	240.20
Upside Target	241.65

Intraday share price targets for Bharat Electronics (BEL)

Target Type	Value
Downside Intraday Target	225.52
Downside Intraday Target	219.43
Upside Intraday Target	236.77
Upside Intraday Target	241.93
Downside Intraday Target	230.68

Weekly technical analysis of Bharat Electronics (BEL)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Wed May 2024	231.60	235.10	235.85	224.60	1.122 times
03 Fri May 2024	234.10	240.15	240.20	230.75	0.649 times
26 Fri Apr 2024	238.95	236.00	241.65	231.75	0.821 times
19 Fri Apr 2024	233.30	230.00	238.00	225.70	0.93 times
12 Fri Apr 2024	233.50	225.55	235.40	221.20	0.605 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Bharat Electronics (BEL)

Date	Monthly Closing Price	Open	High	Low	Volume
08 Wed May 2024	231.60	234.70	238.00	224.60	0.176 times
30 Tue Apr 2024	233.75	205.00	241.65	203.75	1.095 times
28 Thu Mar 2024	201.50	205.95	216.80	179.10	1.07 times
29 Thu Feb 2024	205.10	187.70	209.00	171.75	1.36 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Bharat Electronics (BEL)

Price action analysis of Bharat Electronics ( (BEL) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Bharat Electronics ( (BEL) ) based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Bharat Electronics ( (BEL) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Bharat Electronics stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Bharat Electronics in short term but the sell signal is initial and weak.

Bharat Electronics Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Bharat Electronics in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Bharat Electronics is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 233.97 and Bharat Electronics (BEL) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Bharat Electronics (BEL) stock. Volume based technical analysis of Bharat Electronics (BEL) stock is negative.

Bharat Electronics Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.