BEL is trading near the pivot zone around ₹396–400, holding above key moving averages with 20/50/100/200-day EMAs all below the current price, confirming a medium-term bullish structure. RSI around 50–56 with neutral oscillators and positive Momentum indicates healthy consolidation after the recent up-move rather than distribution. A sustained move above the immediate resistance band ₹403–406 can open upside towards ₹415–425, while dips towards ₹391–394 (S2–S3/short-term supports) can be used to build long positions with a stop-loss below ₹385.
BUY : BEL30DEC25400CE( BEL ) [78967]
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