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Bharat Electronics Ltd

BUY BUY 24 FEB 440 CE SELL 24 FEB 460 CE Bharat Electronics Ltd Entry Range 5-6 Target Range 12 Stop Loss 2.5

Rationale

* On the daily chart BEL price has witnessed a robust breakout from the symmetric triangle, and now it successful retest the breakout zone, confirming pattern validity and strength in price movement

* The retest held firmly above the rising trendline and 20-day EMA, indicating strong demand and a buy-on-dip setup within the breakout structure.

* Trading volumes expanded during the breakout phase and normalized on the retest, a healthy bullish characteristic pointing toward sustained accumulation.

* RSI traded near the 60 mark and turned upwards, suggesting renewed momentum with potential for trend continuation toward higher levels of 460 in the near term.

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SEBI Registration number is INZ00017433