Yesterday BEL closed at 1257.40[- 0.9 %] after
touching 1281.15.
The stock is from defence sector and good push to
make in India will be good for BEL.
It has resistance in the range of 1275 to 1285 and
will become strong above 1300. On down side it has good support at 1250.
The stock looks good to me as long as it trades well
above 1232, weak below 1205.
VWAP of last 8 days is 1233.80.
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