My View on BEL — Daily ChartBharat Electronics LimitedNSE:BELsalaisargunansp1. Key Observation BEL is holding near the support zone around ₹407–₹409. The Jun 29 volume and Jul 15 lower wick show buyer support near this area. 2. My View BEL looks good for the July contract from the current level. It also looks safer for the August contract and cash market if price continues to hold this support zone. 3. Invalidation The setup becomes weak if BEL closes below ₹406.95. 4. Risk-Reward Entry near ₹409.45, SL at ₹406.95, and target near ₹440.85 gives approx 1:12.5 risk-reward. 5. Target Point / Range Target: ₹440.85 6. Why It’s Good for Long This setup is good for long because price is near support, lower wick rejection is visible, and the risk is small compared to the upside target. 7. Time Period Good for the July contract, safer for August contract and cash market. #BEL #BharatElectronics #DefenceStocks #Nifty50 #PriceAction #VPA #VolumeProfile #OptionsTrading #JulyContract #AugustContract #IndianStockMarket