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BHELMARKET OUTLOOKSTOCK OUTLOOK

Bhel Outlook for the Week (August 21, 2023 – August 25, 2023)

Bhel
Bhel
Bhel closed the previous week on a negative note losing 5.10%.

Technically, Bhel share price will see immediate support at 96.17 and immediate resistance would be seen at 101.42.

If Bhel share price closes below immediate support of 96.17, then sharp breakdown can be seen. Bhel share price will see major support at 94.33 for the week.

On the positive side, immediate resistance will be seen at 101.42. Closing above 101.42, Bhel share price will see a sharp breakout. Major resistance for Bhel share price will be seen at 104.83 for the week.

Trading range for Bhel share price for this week should be between 90.92 on down side and 106.67 on up side.

Bhel Previous Week High: 103

Bhel Previous Week Low: 97.75

Bhel Previous Week Range: 5.25 Points

Bhel share price support and resistance for the week (August 21, 2023 – August 25, 2023)

Level Type Value
Resistance 3 106.67
Resistance 2 104.83
Resistance 1 101.42
Support 1 96.17
Support 2 94.33
Support 3 90.92

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