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Umang Bhutada

7th Nov · SEBI-Registered Analyst

BELRISE | TECHNO-FUNDA ANALYSIS

Belrise Industries Ltd – 1D

BELRISE
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.

#FundamentalViews#TechnicalViews#WatchOutFor
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