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BEL closed the previous week on a negative note losing 4.22%.
Technically, BEL share price will see immediate support at 134.67 and immediate resistance would be seen at 140.62.
If BEL share price closes below immediate support of 134.67, then sharp breakdown can be seen. BEL share price will see major support at 131.88 for the week.
On the positive side, immediate resistance will be seen at 140.62. Closing above 140.62, BEL share price will see a sharp breakout. Major resistance for BEL share price will be seen at 143.78 for the week.
Trading range for BEL share price for this week should be between 128.72 on down side and 146.57 on up side.
BEL Previous Week High: 141
BEL Previous Week Low: 135.05
BEL Previous Week Range: 5.95 Points
BEL share price support and resistance for the week (October 16, 2023 – October 20, 2023)
| Level Type | Value |
|---|---|
| Resistance 3 | 146.57 |
| Resistance 2 | 143.78 |
| Resistance 1 | 140.62 |
| Support 1 | 134.67 |
| Support 2 | 131.88 |
| Support 3 | 128.72 |
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