BEL Outlook for the Week (August 14, 2023 - August 18, 2023)

BEL closed the previous week on a negative note losing 4.99%.

Technically, BEL share price will see immediate support at 128.02 and immediate resistance would be seen at 134.67.

If BEL share price closes below immediate support of 128.02, then sharp breakdown can be seen. BEL share price will see major support at 123.98 for the week.

On the positive side, immediate resistance will be seen at 134.67. Closing above 134.67, BEL share price will see a sharp breakout. Major resistance for BEL share price will be seen at 137.28 for the week.

Trading range for BEL share price for this week should be between 121.37 on down side and 141.32 on up side.

BEL Previous Week High: 133.25

BEL Previous Week Low: 126.6

BEL Previous Week Range: 6.65 Points

BEL share price support and resistance for the week (August 14, 2023 – August 18, 2023)

Level Type	Value
Resistance 3	141.32
Resistance 2	137.28
Resistance 1	134.67
Support 1	128.02
Support 2	123.98
Support 3	121.37

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{"buy_point":[],"sell_point":[{"en_ltd":"2023-08-02","en_sup_p_91":"128.89","en_sup_t_91":"130.43","prev_close":"130.45","en_close":"125.35","new_date":"Aug 2","prev_close_no":130}]}

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BEL Outlook for the Week (August 14, 2023 – August 18, 2023)

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