BEL Share Price Falls on April 12 After Record High, Analysts Remain Bullish

📈 BEL Share Price Soars to Record High After Strong Growth

📅 12 April: Sensex and Nifty saw a dip in early trading following a record-breaking surge in the previous session. Investors took profits amid weakness in Asian markets. However, technical experts believe that the dip is temporary and the market is still bullish.

📈 GEEPL Capital Technical Research’s AVP Vidyaan Sawant stated that Nifty index is forming high-high, high-low patterns on the monthly chart, confirming long-term positive sentiments. He highlighted key support levels at 22,500 and 22,300, with resistance at 22,900, followed by potential upward movement to 23,170 and 23,400.

🚀 Sawant also mentioned three stocks that could potentially deliver returns of 18-20% in the next 2-3 weeks. One of these stocks is recommended for purchase with a target price of ₹3,600 and stop-loss at ₹2,760, offering the potential for significant returns in a short time.

💡 Looking at the weekly chart, the stock data pattern indicates a bullish trend, with continuous high-high and high-low patterns signaling strength in the market. The stock is trading above its key 20★and 50-week moving averages, confirming positive momentum.

🔍 Based on the technical structure, the recommended buying price for these shares is around ₹228.75. The stock is showing strong bullish momentum, with the potential for significant returns in the near future.

🎯 It is advised to consider investing in these shares with a target price of ₹364 and a stop-loss at ₹278. These stocks have the potential to deliver returns of up to 20% in a short period of time.

🌟 PetroNet LNG shares recently displayed a strong price structure, trading above its major 12★and 26-week moving averages. The RSI is also above 60, confirming positive momentum. Considering this technical setup, the stock is recommended for purchase at around ₹302.5.

Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.