🔍 Key Levels to Watch
Immediate support zone: ~ ₹417.43.
Secondary support if breakdown: ~ ₹408.02.
Immediate resistance zone: ~ ₹432.83.
Major upside target if breakout: ~ ₹438.82.
📊 Current Technicals & Context
BEL is trading around ₹422-₹423 as of recent data.
Weekly performance modestly positive (~ +2 % to +4 %).
Price is above its 50-day and 200-day moving averages (~₹406 and ~₹356) → suggests medium-term bullish alignment.
RSI and indicators show bullish momentum but are not extreme. 🎯 Possible Scenarios for the Week
Base case: Price consolidates between ~₹417 and ~₹433, with limited range expansion unless a fresh trigger emerges.
Bullish breakout: If BEL closes above ~₹432.83 (with good volume), the next target zone becomes ~₹438-₹440.
Bearish breakdown: A close below ~₹417 could open a slide towards ~₹408 (or even ~₹402 in worst case for the week) as next support.
Immediate support zone: ~ ₹417.43.
Secondary support if breakdown: ~ ₹408.02.
Immediate resistance zone: ~ ₹432.83.
Major upside target if breakout: ~ ₹438.82.
📊 Current Technicals & Context
BEL is trading around ₹422-₹423 as of recent data.
Weekly performance modestly positive (~ +2 % to +4 %).
Price is above its 50-day and 200-day moving averages (~₹406 and ~₹356) → suggests medium-term bullish alignment.
RSI and indicators show bullish momentum but are not extreme. 🎯 Possible Scenarios for the Week
Base case: Price consolidates between ~₹417 and ~₹433, with limited range expansion unless a fresh trigger emerges.
Bullish breakout: If BEL closes above ~₹432.83 (with good volume), the next target zone becomes ~₹438-₹440.
Bearish breakdown: A close below ~₹417 could open a slide towards ~₹408 (or even ~₹402 in worst case for the week) as next support.
Pubblicazioni correlate
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.