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Stock analysis Bharat Electronics Limited BEL

More indepth analysis on MunafaSutra.com

Moving Averages for Bharat Electronics Limited

  • 5Day Average: 287.58
  • 12Day Average: 258.2
  • 20Day Average: 247.68
  • 50Day Average: 228.3
  • 100Day Average: 209.71
  • 150Day Average: 189.67
  • 200Day Average: 176.14

BEL Indicators & signals

Indicator MACD (12,26,9)

266.99, 249.92, 10.94
Indicator MACD is in positive zone

Indicator ADX (14)

62.13, 42.08, 9.83
Indicator ADX is indicating that momentum is still strong.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 64
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of BEL Bharat Electronics Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
27 Mon May 2024 294.45 289.65 to 303.20 -0.93% 0.83 times
24 Fri May 2024 297.20 286.00 to 299.90 3.02% 1.06 times
23 Thu May 2024 288.50 283.20 to 293.30 1.73% 1.18 times
22 Wed May 2024 283.60 264.30 to 284.50 3.45% 1.44 times
21 Tue May 2024 274.15 271.05 to 283.00 5.93% 2.13 times
18 Sat May 2024 258.80 250.05 to 260.60 4.27% 0.4 times
17 Fri May 2024 248.20 237.85 to 249.65 4.33% 1.38 times
16 Thu May 2024 237.90 227.50 to 240.00 2.17% 0.93 times
15 Wed May 2024 232.85 229.55 to 234.50 0.82% 0.55 times
14 Tue May 2024 230.95 225.75 to 231.90 2.76% 0.39 times
13 Mon May 2024 224.75 221.00 to 228.70 -1.03% 0.55 times
10 Fri May 2024 227.10 223.15 to 228.50 0.4% 0.31 times

Technical analysis forecast of Bharat Electronics Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Bharat Electronics Limited BEL at this time. Stock is rising and might rise more.

It appears as if Bharat Electronics Limited BEL gave a large move recently.

Stock of Bharat Electronics Limited (BEL) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Bharat Electronics Limited is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Bharat Electronics Limited stays above 280.2, but if it comes below 280.2, then a intra day sell could be more profitable.
If you take a sell trade below 280.2, then use 280.2 as stoploss and 255.7 as target. However if you take a buy trade in Bharat Electronics Limited, then use 280.2 as stoploss and 309.7 as target.

More indepth analysis on MunafaSutra.com