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BELMARKET OUTLOOKSTOCK OUTLOOK

BEL Outlook for the Week (December 18, 2023 – December 22, 2023)

BEL
BEL
BEL closed the previous week on a negative note losing 6.49%.

Technically, BEL share price will see immediate support at 162.07 and immediate resistance would be seen at 173.12.

If BEL share price closes below immediate support of 162.07, then sharp breakdown can be seen. BEL share price will see major support at 155.08 for the week.

On the positive side, immediate resistance will be seen at 173.12. Closing above 173.12, BEL share price will see a sharp breakout. Major resistance for BEL share price will be seen at 177.18 for the week.

Trading range for BEL share price for this week should be between 151.02 on down side and 184.17 on up side.

BEL Previous Week High: 170.2

BEL Previous Week Low: 159.15

BEL Previous Week Range: 11.05 Points

BEL share price support and resistance for the week (December 18, 2023 – December 22, 2023)

Level Type Value
Resistance 3 184.17
Resistance 2 177.18
Resistance 1 173.12
Support 1 162.07
Support 2 155.08
Support 3 151.02
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{"buy_point":[{"en_ltd":"2023-11-30","en_sup_p_91":"143.04","en_sup_t_91":"140.27","prev_close":"141.00","en_close":"145.90","new_date":"Nov 30","prev_close_no":141}],"sell_point":[{"en_ltd":"2023-11-23","en_sup_p_91":"141.83","en_sup_t_91":"143.93","prev_close":"141.85","en_close":"139.35","new_date":"Nov 23","prev_close_no":141}]}

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