BEL Outlook for the Week (August 21, 2023 - August 25, 2023)

BEL closed the previous week on a negative note losing 3.94%.

Technically, BEL share price will see immediate support at 125.28 and immediate resistance would be seen at 130.48.

If BEL share price closes below immediate support of 125.28, then sharp breakdown can be seen. BEL share price will see major support at 123.42 for the week.

On the positive side, immediate resistance will be seen at 130.48. Closing above 130.48, BEL share price will see a sharp breakout. Major resistance for BEL share price will be seen at 133.82 for the week.

Trading range for BEL share price for this week should be between 120.08 on down side and 135.68 on up side.

BEL Previous Week High: 131.95

BEL Previous Week Low: 126.75

BEL Previous Week Range: 5.2 Points

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

Level Type	Value
Resistance 3	135.68
Resistance 2	133.82
Resistance 1	130.48
Support 1	125.28
Support 2	123.42
Support 3	120.08

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{"buy_point":[],"sell_point":[{"en_ltd":"2023-08-18","en_sup_p_91":"128.12","en_sup_t_91":"131.29","prev_close":"128.70","en_close":"127.15","new_date":"Aug 18","prev_close_no":128},{"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 21, 2023 – August 25, 2023)

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