BEL stock hit Rs 340 on July 10, 2024, but fell over 16% to Rs 285 by January 20, 2025. It found support near Rs 250 in January, aligning with the 50-week EMA and 200-EMA. The stock completed a double bottom pattern, a bullish reversal signal, suggesting a potential rebound as it bounced strongly from this “W-shaped” formation.
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