Stock Radar: BEL gives breakout after 8 weeks of consolidation; what should investors do?

Bharat Electronics Ltd (BEL) has broken out after eight weeks of consolidation, signaling a potential upward trend. Experts suggest short-term traders consider buying, targeting Rs 445 within 3-4 weeks. The stock demonstrates bullish indicators, trading above key moving averages with positive RSI and MACD signals, supported by strong recovery and relative outperformance in the defence sector.