Trend Description:
Belrise is in a short-term consolidation phase after a strong upmove. Price has been oscillating between key support and resistance zones, showing a mild pullback from recent highs.
Support & Resistance Levels:
Support: ₹144.80 / ₹135.84
Resistance: ₹149.27 / ₹156.49 / ₹164.54
Expected Move:
If price sustains above ₹149, it may retest ₹156–₹164 levels. However, breakdown below ₹144.80 could push it toward ₹136.
Short Fundamentals Summary:
Belrise is an auto components manufacturer benefiting from electric vehicle adoption and OEM demand recovery. Moderate financial growth with decent profit margins.
Final Verdict:
🟢 Buy on dips above ₹145 with target ₹156–₹164. Maintain stop-loss below ₹144.