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BELMARKET OUTLOOKSTOCK OUTLOOK

BEL Outlook for the Week (December 04, 2023 – December 08, 2023)

BEL
BEL
BEL closed the previous week on a negative note losing 6.59%.

Technically, BEL share price will see immediate support at 141.80 and immediate resistance would be seen at 151.70.

If BEL share price closes below immediate support of 141.80, then sharp breakdown can be seen. BEL share price will see major support at 136.15 for the week.

On the positive side, immediate resistance will be seen at 151.70. Closing above 151.70, BEL share price will see a sharp breakout. Major resistance for BEL share price will be seen at 155.95 for the week.

Trading range for BEL share price for this week should be between 131.90 on down side and 161.60 on up side.

BEL Previous Week High: 150.3

BEL Previous Week Low: 140.4

BEL Previous Week Range: 9.9 Points

BEL share price support and resistance for the week (December 04, 2023 – December 08, 2023)

Level Type Value
Resistance 3 161.60
Resistance 2 155.95
Resistance 1 151.70
Support 1 141.80
Support 2 136.15
Support 3 131.90
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