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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 2024-05-09 View latest technical analysis

10 day averaged volume of Bharat Electronics is 21720213

Date	Daily Closing Price	Open	High	Low	Volume
09 Thu May 2024	226.20	234.50	238.20	225.30	1.622 times
08 Wed May 2024	231.60	227.20	232.65	224.60	0.873 times
07 Tue May 2024	227.40	232.50	235.80	225.45	1.216 times
06 Mon May 2024	231.85	235.10	235.85	230.00	1.493 times
03 Fri May 2024	234.10	237.10	238.00	231.15	0.727 times
02 Thu May 2024	234.75	234.70	237.40	230.75	0.883 times
30 Tue Apr 2024	233.75	236.30	237.30	233.20	0.668 times
29 Mon Apr 2024	235.40	240.15	240.20	234.85	0.915 times
26 Fri Apr 2024	238.95	238.50	241.65	237.90	0.943 times
25 Thu Apr 2024	237.60	236.40	240.05	235.45	0.746 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 225.8, for a target of 229.7 or 232.93

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
Upside Target	230.75
Upside Target	238.00
Upside Target	238.20
Upside Target	240.20
Upside Target	241.65

Intraday share price targets for Bharat Electronics (BEL)

Target Type	Value
Downside Intraday Target	221.13
Downside Intraday Target	216.07
Upside Intraday Target	234.73
Upside Intraday Target	243.27
Upside Intraday Target	229.67

Weekly technical analysis of Bharat Electronics (BEL)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Thu May 2024	226.20	235.10	238.20	224.60	1.63 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, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Bharat Electronics (BEL)

Date	Monthly Closing Price	Open	High	Low	Volume
09 Thu May 2024	226.20	234.70	238.20	224.60	0.23 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 BUY. Signal strength is Weak and stock is losing 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 in or below the green cloud Prices appear to be coming down

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 and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 232.34 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.