Everything Explained On The Chart
Fundamental: Very good quarter result and having good growth in numbers. Technical: Forming Cup & Handle and breaking trendline with huge volume. Disclaimer: Views are for education purpose only. Do your own research before investing.
NSE:BEPL BOUNCING FROM ema 50 TAKING OUT 14 DAYS OF CONSOLIDATION WITH HIGH VOLUMES.. CAN BE WATCHED,.
Tp : 195 after 1 month ,can be purcahsed at 155-160 levels for short term gain seeing from the trend or else you can hold it for long term if you wish as the company is fundamentally good having growth prospect and is leading manufacturor in the industry
All levels are marked on chart
The underlying commodity price is up and the stock seems to be done with forming a new base.. Would buy in 2 parts...once above 153.50 and then above 160.. If both buys do happen the SL at 150 so the risk will be minimal. Target to new high..
Bhansali Engineering Polymers Limited Triangle Pattern
If bansali (BEPL) breaks with huge volume from the current level (on or before 24-12-2020), then, it shall test 154 (immediate target) with (1-2% error band) and shall see 200 (possible upside potential) before (15-01-2021) For this, 136-139 would acts as support level and 142 level (1-2% error band) would acts as Immediate resistance. Good support is available at...
With its underlying commodity at highs this stock which has already been in momentum could continue the week in momentum. It could go upto 170 levels in quick time. The SL here would be deep but maybe a 5% SL would work here.
BEPL CMP - 106.20 Looking bullish in higher time frame. One can go for short term trade setup with the following entry, exit & targets Buy at or Above ONLY 107.50 - 108 / Stop Loss 98 Target 1 - 113 Target 2 - 120 Target 3 – 130 Disclaimer: This is my view and for educational purpose only.
Inverted H&S pattern Target 96, 148 Stoploss: 54
Strong support at 59 Breakout from channel, can go long Window around 112 ..... Can book 75% profitat 110
Breakout from the channel with high volume...this breakout going to sustain the