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BELMARKET OUTLOOKSTOCK OUTLOOK

BEL Outlook for the Week (September 04, 2023 – September 08, 2023)

BEL
BEL
BEL closed the previous week on a negative note losing 4.48%.

Technically, BEL share price will see immediate support at 133.90 and immediate resistance would be seen at 140.10.

If BEL share price closes below immediate support of 133.90, then sharp breakdown can be seen. BEL share price will see major support at 129.95 for the week.

On the positive side, immediate resistance will be seen at 140.10. Closing above 140.10, BEL share price will see a sharp breakout. Major resistance for BEL share price will be seen at 142.35 for the week.

Trading range for BEL share price for this week should be between 127.70 on down side and 146.30 on up side.

BEL Previous Week High: 138.4

BEL Previous Week Low: 132.2

BEL Previous Week Range: 6.2 Points

BEL share price support and resistance for the week (September 04, 2023 – September 08, 2023)

Level Type Value
Resistance 3 146.30
Resistance 2 142.35
Resistance 1 140.10
Support 1 133.90
Support 2 129.95
Support 3 127.70

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