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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 2024-05-16 View latest technical analysis

10 day averaged volume of Bharat Electronics is 25556719

Date	Daily Closing Price	Open	High	Low	Volume
16 Thu May 2024	237.90	234.75	240.00	227.50	2.174 times
15 Wed May 2024	232.85	231.80	234.50	229.55	1.293 times
14 Tue May 2024	230.95	225.75	231.90	225.75	0.907 times
13 Mon May 2024	224.75	228.40	228.70	221.00	1.286 times
10 Fri May 2024	227.10	227.90	228.50	223.15	0.723 times
09 Thu May 2024	226.20	234.50	238.20	225.30	1.378 times
08 Wed May 2024	231.60	227.20	232.65	224.60	0.742 times
07 Tue May 2024	227.40	232.50	235.80	225.45	1.034 times
06 Mon May 2024	231.85	235.10	235.85	230.00	1.269 times
03 Fri May 2024	234.10	237.10	238.00	231.15	0.618 times

Stock of Bharat Electronics (BEL) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 236.5, but if it comes below 236.5, then a intra day sell could be more profitable.
If you take a sell trade below 236.5, then use 236.5 as stoploss and 232.69 as target. However if you take a buy trade in stock , then use 236.5 as stoploss and 241.1 as target.

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	230.75
Upside Target	238.00
Upside Target	238.20
Upside Target	240.00
Upside Target	240.20
Upside Target	241.65

Intraday share price targets for Bharat Electronics (BEL)

Target Type	Value
Downside Intraday Target	225.93
Downside Intraday Target	213.97
Upside Intraday Target	244.93
Upside Intraday Target	251.97
Downside Intraday Target	232.97

Weekly technical analysis of Bharat Electronics (BEL)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Thu May 2024	237.90	228.40	240.00	221.00	1.1 times
10 Fri May 2024	227.10	235.10	238.20	223.15	1.896 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

Price has moved up 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
16 Thu May 2024	237.90	234.70	240.00	221.00	0.485 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 up 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Bharat Electronics ( (BEL) ) based on a short to mid 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 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 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.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Bharat Electronics Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls 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 and BUY signal is strong.

RSI is generating a SELL signal in short term but selling is losing 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 230.96 and Bharat Electronics (BEL) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 is giving positive 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.