BEL

stock price analysis and chart pattern

After a sharp uptrend, the stock price of

lectronics started consolidating between the range of 394 and 383 And formed a proper sideways pattern The levels of 394 and 383 will act as important support and resistance level, respectively The investor should wait for the breakout If the stock price closes above the level of 394 we will be bullish on it And if the stock price closes below the support level of 383, we will be bearish on it RSI is at 82.42, which indicates that the stock price is trading in the overbought zone Important support level 374, important resistance level 405