🔍 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.
Penerbitan berkaitan
Penafian
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Penerbitan berkaitan
Penafian
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.