It is on the verge of an IHS breakout in weekly time frame above 112. V good support between here to 95. The Inverse Head & Shoulder upside levels are 150 / 175 / 200 over the medium term.
BEL was forming falling wedge type pattern
it was getting support form 200 SMA( 2 time bounced)
Entry above 98
facing resistance near 92 to 98 also 50 SMA was in this zone
by seeing volume one can clearly see that in negative day volume was drying up but
in positive day volume were good
It has completed its Bullish Harmonic Alt Shark and is showing signs of reversal. A bounce back till 108-110 is possible provided it does not go below 99
