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BELMARKET OUTLOOKSTOCK OUTLOOK

BEL Outlook for the Week (January 01, 2024 – January 05, 2024)

BEL
BEL
BEL closed the previous week on a negative note losing 3.89%.

Technically, BEL share price will see immediate support at 179.73 and immediate resistance would be seen at 186.93.

If BEL share price closes below immediate support of 179.73, then sharp breakdown can be seen. BEL share price will see major support at 175.27 for the week.

On the positive side, immediate resistance will be seen at 186.93. Closing above 186.93, BEL share price will see a sharp breakout. Major resistance for BEL share price will be seen at 189.67 for the week.

Trading range for BEL share price for this week should be between 172.53 on down side and 194.13 on up side.

BEL Previous Week High: 185.2

BEL Previous Week Low: 178

BEL Previous Week Range: 7.2 Points

BEL share price support and resistance for the week (January 01, 2024 – January 05, 2024)

Level Type Value
Resistance 3 194.13
Resistance 2 189.67
Resistance 1 186.93
Support 1 179.73
Support 2 175.27
Support 3 172.53
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