Bharat Electronics may pull back, ₹397 seen as re-entry level

Bharat Electronics may pull back, ₹397 seen as re-entry level

Bharat Electronics may face a short-term correction after the RSI hit 75 and a candlestick closed above the upper Bollinger Band. Analyst Anupam Bajpai identifies ₹397 as a key re-entry level. BEL is debt-free with strong liquidity and 51.1% promoter holding. The stock has rallied 39% YTD, but technicals suggest a pause.

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