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
#BEPL Bhansali Engineering Polymers Ltd. CMP: 53.65 Target: 60 / 70 SL: 47 If you like my work, kindly donate, :)
Price has reacted to weekly key level. nice pop up on weekly and daily. #riskybet
BEPL hitting Fib Retracement. Upcoming results may push it to 160
Support 120.30, resistance 132.25, short term targets 144, 146.50, 158, 166
Next target 133 followed by 147 in near term.
My opinion is one should wait for 134-136 for fresh entry when some bullishness returns. Please check RSI, MACD, momentum oscillator along with Ichimoku chart, particularly MACD before entry.
Unless it closes above 131.05, there is a possibility that it may follow descending 1/1 line to find support eventually at 105.
As was speculated bullishness returned in the counter. If for the next two days it hits circuit, the stock will cross the resistance at ~159.50.
Watch out for crossing the band 155-158 for further upmove on the eve of Q1 result