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BHELMARKET OUTLOOKSTOCK OUTLOOK

Bhel Outlook for the Week (October 16, 2023 – October 20, 2023)

Bhel
Bhel
Bhel closed the previous week on a negative note losing 7.03%.

Technically, Bhel share price will see immediate support at 123.88 and immediate resistance would be seen at 133.28.

If Bhel share price closes below immediate support of 123.88, then sharp breakdown can be seen. Bhel share price will see major support at 119.42 for the week.

On the positive side, immediate resistance will be seen at 133.28. Closing above 133.28, Bhel share price will see a sharp breakout. Major resistance for Bhel share price will be seen at 138.22 for the week.

Trading range for Bhel share price for this week should be between 114.48 on down side and 142.68 on up side.

Bhel Previous Week High: 133.75

Bhel Previous Week Low: 124.35

Bhel Previous Week Range: 9.4 Points

Bhel share price support and resistance for the week (October 16, 2023 – October 20, 2023)

Level Type Value
Resistance 3 142.68
Resistance 2 138.22
Resistance 1 133.28
Support 1 123.88
Support 2 119.42
Support 3 114.48
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{"buy_point":[{"en_ltd":"2023-09-29","en_sup_p_91":"129.98","en_sup_t_91":"124.58","prev_close":"126.65","en_close":"131.00","new_date":"Sep 29","prev_close_no":126}],"sell_point":[{"en_ltd":"2023-09-12","en_sup_p_91":"137.59","en_sup_t_91":"140.43","prev_close":"139.85","en_close":"125.65","new_date":"Sep 12","prev_close_no":139}]}

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