⚠️ BEL – Breakdown Confirmed, Next Support at 200-Day EMA

🔍 1. Breakdown From Key Support Your chart shows: Previous support: ₹393–395 This level acted as a strong floor multiple times. Now the stock has: ✔ Broken the support with a strong red breakdown candle ✔ Retested the level and failed to reclaim it ✔ Closed below all short-term EMAs (26-52-125) This is a clean bearish breakdown + retest failure, confirming momentum to the downside. 📉 2. EMA Structure Turning Bearish 26 EMA < 52 EMA (bearish crossover underway) Price < 125 EMA (medium-term trend weakening) Next major dynamic support: 200-Day EMA ≈ ₹368 Your arrow toward the 200-day EMA is 100% accurate. 🛑 3. Downside Targets Based on structure + EMA + previous swing lows: Target 1 (Immediate): ₹380 Target 2 (Primary): ₹368 (200-Day EMA) Target 3 (Extension): ₹360 🧲 4. When Can BEL Reverse? Reversal will only start if BEL: Closes above ₹395 AND 26 EMA crosses back above 52 EMA Until then, trend remains bearish. ⭐ 5. Final View BEL is in a clean short-term downtrend. This breakdown is genuine and suggests: ➡ ₹368 (200-day EMA) is the next high-probability support ➡ Selling pressure remains high unless price closes back above ₹395