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BELMARKET OUTLOOKSTOCK OUTLOOK

BEL Outlook for the Week (December 25, 2023 – December 29, 2023)

BEL
BEL
BEL closed the previous week on a negative note losing 6.95%.

Technically, BEL share price will see immediate support at 167.13 and immediate resistance would be seen at 179.38.

If BEL share price closes below immediate support of 167.13, then sharp breakdown can be seen. BEL share price will see major support at 159.47 for the week.

On the positive side, immediate resistance will be seen at 179.38. Closing above 179.38, BEL share price will see a sharp breakout. Major resistance for BEL share price will be seen at 183.97 for the week.

Trading range for BEL share price for this week should be between 154.88 on down side and 191.63 on up side.

BEL Previous Week High: 176.3

BEL Previous Week Low: 164.05

BEL Previous Week Range: 12.25 Points

BEL share price support and resistance for the week (December 25, 2023 – December 29, 2023)

Level Type Value
Resistance 3 191.63
Resistance 2 183.97
Resistance 1 179.38
Support 1 167.13
Support 2 159.47
Support 3 154.88
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