F&O Query: Analysis Of BEL Call Option

I’m holding BEL 430 CE Jan expiry bought for ₹4. Kindly suggest whether the stock can rise to ₹440 or ₹460 before this expiry – Prasad Babu R

BEL (₹410.25): Since July last year, the stock of Bharat Electronics Limited (BEL) has been charting a broad sideways trend. It has been oscillating between ₹365 and ₹430. Although the stock failed to break out of ₹430 twice since July, the broader uptrend has not been cancelled yet.

Within the broader sideways range, BEL has largely been moving within the narrow band of ₹410-420 for nearly two weeks. Just above ₹420 is the resistance at ₹430. Therefore, for the stock to establish a fresh leg of uptrend, it should break out of the barrier ₹430. Until then, the sideways trend can lead to time decay in option premium.

Given that the near-term outlook is uncertain, we suggest exiting the long on 430-call option. You can consider buying BEL call options once the stock decisively breaks out of ₹430.

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Published on January 17, 2026