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Momentumisers: Here’s why Bharat Electronics is surging in trade

Bharat Electronics Ltd (BEL) did well in Monday’s trade and the volumes and the trading action in the cash market as well was encouraging.

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By Nigel D'Souza  March 2, 2021, 11:14:54 AM IST (Published)

Bharat Electronics Ltd (BEL) did well in Monday’s trade and the volumes and the trading action in the cash market as well was encouraging.



The volumes on National Stock Exchange (NSE) were 60-70 percent higher than what we have seen on average for the last two weeks and even deliveries were up more than 50 percent in comparison to the two-week average.

If the stock can hold on to Rs 135 level, which is the 10-day moving average (DMA) and 20-DMA from where it bounced then it could look for more, so keep an eye on this stock.

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