BEL – Technical & Fundamental View

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BEL (Bharat Electronics Ltd) is exhibiting strong price structure, trading above key moving averages and forming a VCP (Volatility Contraction Pattern) near its recent highs — signalling strength and potential breakout continuation.

On the fundamental side, BEL continues to benefit from a robust defence order pipeline, steady execution, and strong sectoral tailwinds driven by the government’s Make-in-India and defence modernization initiatives.

Buy Zone: ₹413
Stop Loss: ₹392
Targets: ₹450 / ₹505
View: Short-term positional; bullish bias supported by both price structure and fundamentals.

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