BEL Weekly Outlook and Analysis:

For the Week: (July 31, 2023 – August 04, 2023)

BEL closed the previous week on a negative note losing 5.09%

Technically, BEL share price will see immediate support at 126.20 and immediate resistance would be seen at 132.90

If BEL share price closes below immediate support of 126.20, then sharp breakdown can be seen. BEL share price will see major support at 122.25 for the week.

On the positive side, immediate resistance will be seen at 132.90. Closing above 132.90, BEL share price will see a sharp breakout. Major resistance for BEL share price will be seen at 135.65 for the week.

Trading range for BEL share price for this week should be between 119.50 on down side and 139.60 on up side.

BEL Previous Week High: 131.7

BEL Previous Week Low: 125

BEL Previous Week Range: 6.7 Points

BEL share price support and resistance for the week (July 31, 2023 – August 04, 2023)