What is the outlook for BEL? Shall I buy January 400-call on this stock? – Tarun Dutta
BEL (₹403.15): The stock of Bharat Electronics Ltd (BEL) fell from ₹430 to ₹380 between mid-November and mid-December. But over the last two weeks, the price rose on the back of the support at ₹380.
While there has been a recovery lately, the stock is yet to break out of the key supply zone between ₹405-410. Only a decisive breakout of ₹410 can turn the near-term outlook positive. At the current juncture, there is a possibility for the price to fall off the resistance at ₹405-410.
In case the resistance at ₹410 is breached, the stock can see a quick rally to ₹430, a barrier. A breakout of this can open the door for an upswing to ₹450 and ₹480.
Given the aforementioned factors, it might be a little early to buy a call option on BEL now. We would recommend waiting for the stock to surpass ₹410 before going in. With respect to the strike price, you can decide based on your risk tolerance.
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Published on January 3, 2026
