Belrise recovery faces ₹221 moving-average barrier

BELRISE Belrise Industries is trading near ₹214 after bouncing from the recent ₹195–₹200 support zone. Price has moved above the lower moving-average level near ₹212.93, but it remains below the upper average around ₹220.94. This makes ₹213–₹221 the key decision range for the stock. The MACD remains below zero, which means the broader momentum is still not fully positive. However, the MACD line is above the signal line and the histogram has turned green. This suggests that selling pressure has reduced and a short-term recovery attempt is underway. ₹221 is the immediate resistance. A sustained close above ₹221 can push the stock toward ₹230–₹235, followed by the earlier swing zone near ₹240. Reclaiming ₹221 would also place price back above both key moving averages. On the downside, ₹213 is the first support, followed by ₹205. A break below ₹205 can bring the recent ₹195–₹200 demand zone back into focus. The chart is attempting a recovery, but a move above ₹221 is needed for a stronger reversal signal.