Bharat Electronics Limited shows strong development within a rising trend channel in the medium long term. Rising trends indicate that the company experiences positive development and that buy interest among investors is increasing. The moving average indicator has given a positive signal. In isolation, this signals a continued rise, but the slowness of the indicator often means that one has lost much of the upside. The stock has marginally broken up > through resistance at rupee 110. An established break predicts a further rise. Positive volume balance shows that volume is higher on days with rising prices than days with falling prices. This indicates increasing optimism among investors. RSI diverges negatively against the price, which indicates danger of a reaction downwards. The stock is overall assessed as technically positive for the medium long term.
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