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BEL Outlook for the Week (September 18, 2023 – September 22, 2023)

BEL closed the previous week on a negative note losing 9.41%.

Technically, BEL share price will see immediate support at 130.28 and immediate resistance would be seen at 144.13.

If BEL share price closes below immediate support of 130.28, then sharp breakdown can be seen. BEL share price will see major support at 124.87 for the week.

On the positive side, immediate resistance will be seen at 144.13. Closing above 144.13, BEL share price will see a sharp breakout. Major resistance for BEL share price will be seen at 152.57 for the week.

Trading range for BEL share price for this week should be between 116.43 on down side and 157.98 on up side.

BEL Previous Week High: 147.15

BEL Previous Week Low: 133.3

BEL Previous Week Range: 13.85 Points

BEL share price support and resistance for the week (September 18, 2023 – September 22, 2023)

Level Type Value
Resistance 3 157.98
Resistance 2 152.57
Resistance 1 144.13
Support 1 130.28
Support 2 124.87
Support 3 116.43

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