Archive · 17 Jun 2025
BEL Stock Hits Record High, RSI Signals Overbought
BEL, a company that makes things for defense, saw its stock price go up again, hitting a new record.
The stock is considered overbought right now, meaning it might go down soon.
Experts say it's a good idea to buy more shares if the price dips a bit.
Some analysts think the stock could reach Rs 435-440, but suggest caution due to the high RSI.
BEL shares hit a record high for the second straight session.
The stock reached a record high of Rs 407.30.
The market cap climbed to Rs 2.97 lakh crore.
The RSI is at 74.3, indicating it is trading in the overbought zone.
Analysts suggest a 'buy on dip' approach with support at Rs 380-385.
- Who
- Bharat Electronics Ltd (BEL).
- What
- BEL shares reached a record high.
- When
- On Tuesday.
- Where
- BSE.
- Why
- Due to strong upward momentum.
Buy Recommendation
Sell Recommendation
Investment Strategy
Buy Recommendation
Ravi Singh suggests a buy on dip strategy with targets of Rs 425 and Rs 440.
Sell Recommendation
Abhijeet advises investors to book profits.
- Record High
- Rs 407.30
- Market Cap
- Rs 2.97 lakh crore
- RSI
- 74.3
- 2-year returns
- 224%
- 3-year returns
- 419.31%
- Support Level
- Rs 380-385
- Potential Targets
- Rs 425-Rs 440
