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BELMARKET OUTLOOKSTOCK OUTLOOK

BEL Outlook for the Week (January 15, 2024 – January 19, 2024)

BEL
BEL
BEL closed the previous week on a negative note losing 2.98%.

Technically, BEL share price will see immediate support at 181.15 and immediate resistance would be seen at 186.75.

If BEL share price closes below immediate support of 181.15, then sharp breakdown can be seen. BEL share price will see major support at 178.80 for the week.

On the positive side, immediate resistance will be seen at 186.75. Closing above 186.75, BEL share price will see a sharp breakout. Major resistance for BEL share price will be seen at 190.00 for the week.

Trading range for BEL share price for this week should be between 175.55 on down side and 192.35 on up side.

BEL Previous Week High: 187.65

BEL Previous Week Low: 182.05

BEL Previous Week Range: 5.6 Points

BEL share price support and resistance for the week (January 15, 2024 – January 19, 2024)

Level Type Value
Resistance 3 192.35
Resistance 2 190.00
Resistance 1 186.75
Support 1 181.15
Support 2 178.80
Support 3 175.55
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{"buy_point":[{"en_ltd":"2023-12-22","en_sup_p_91":"173.22","en_sup_t_91":"166.99","prev_close":"170.65","en_close":"174.80","new_date":"Dec 22","prev_close_no":170}],"sell_point":[{"en_ltd":"2023-12-20","en_sup_p_91":"168.44","en_sup_t_91":"176.18","prev_close":"173.05","en_close":"167.25","new_date":"Dec 20","prev_close_no":173}]}

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