The Stock formed the triangle pattern and at the upper end of the pattern with volumes, if breakout sustain we may see 270 as the 1st target. SL is 2 straight closing below 190
BSL Ltd multi year breakout,
BSL Ltd was incorporated in 1970 and its operation predominantly relates to manufacturing of Textile & Generation of Wind Power
Qtr Profit Var 30.7 %, EPS ₹ 12.5, EPS Growth Rate 12.2 %, ROCE 11.5 %, ROE 13.5 %, small cap high risk.
BSL CMP - 53.55
Looking bullish in higher time frame. One can go for Short / Long Term Trade Setup with the following entry, exit & targets.
Buy Range 42 - 45 ONLY / Stop Loss 35
Target - 75
Disclaimer: This is my view and for educational purpose only.
