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Technicals for Bharat Electronics Limited
By MusingTheNews
2025-05-30 20:26
Overall Technical outlook
Price Summary
On 2025-05-30, Bharat Electronics Limited's stock began at 386.8, peaked at 390.0, bottomed at 383.65, and closed -0.57% lower at 384.6, with a volume of 23126079 shares. In the last 52 weeks, the stock's top price was 390.45 and the bottom price was 244.6. The price outlook for BEL is between 246.0 and 450.0, with an average expectation of 391.91666, as estimated by 24 analysts.
Technicals
Support and Resistance: The price is currently at 384.6, supported by 314.85 and resisted by 390.45. This indicates a range where 314.85 may provide a base for the price, while 390.45 serves as a cap on further upward movement for BEL. Support/Resistance for BEL
Aroon: The current state of the AROON is neutral, providing no clear signals for either an upward or downward movement. This indicates that the market may be in a state of equilibrium, with no strong momentum in either direction. Aroon chart for Bharat Electronics Limited
Bol. Bands: The BOLL BANDS is neutral, showing no definitive signals of a trend either upward or downward. This neutral stance indicates a period of market indecision, where the direction is unclear. Bolinger Bands chart for Bharat Electronics Limited
Parabolic SAR: The PSAR for BEL continues to be bullish, establishing a crucial support level that may help maintain the current upward trend. This level of support suggests that the market is poised to continue its positive trajectory, offering a foundation for further growth. Parabolic Stop and Reverse chart for Bharat Electronics Limited
Stochastic: The K-line has dipped below the D-line on the stochastic indicator, even as it remains above 80, signaling the potential start of a bearish price move. This setup suggests that the market may be entering a period of weakening momentum, possibly leading to a decline. Investors should monitor the situation for additional bearish signals. Stochastic chart for Bharat Electronics Limited
Tripple Moving Agerage: The alignment of the 20, 50, and 100 moving averages indicates a bearish trend for BEL, but the wavering slopes of the 20 and 50 SMAs suggest that this momentum may be fading. This weakening could be a precursor to a bullish reversal, as the market's current downtrend shows signs of losing steam. Investors may soon see a shift towards more positive price action as the trend begins to change. Tripple SMA chart for Bharat Electronics Limited
When evaluating a company's technical indicators like price trends and trading volume, it's important to also assess its fundamentals. Key factors include the company's profitability, growth rate, and financial stability. Furthermore, considering the industry within which the company operates provides additional context, as factors like competition and market demand can affect performance. By combining this analysis, you can make more informed judgments about the company's future prospects.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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