bharat bijlee looks bullish in medium to long term.

Dec 9, 2017

In monthly, it has formed a round bottom pattern, and breakout happened with high volume, now it is retesting the breakout level,

in weekly, it is bounced from trend line support and hidden bullish divergence is formed here,


also in daily, after a downtrend, trend line resistance broken with good volume and regular bullish divergence is formed also



with a sl - 700, 1st tgt - 1900, long term tgt - 3600

Dec 15, 2017

Trade active

price bounced from horizontal support, till now 1116.90,

Dec 21, 2017

Trade active

till now 1273, up by 16% . price has started riding upper BB

Dec 22, 2017

Trade active

price closed above imp resistance zone,

Dec 22, 2017

Trade active

big move today, closed at 1362.55

Jan 6, 2018

Trade active

till now 1434.95, moving up as expected , follow up chart for reference

Jan 9, 2018

Trade active

cmp - 1405, regular bearish divergence formed at resistance zone in daily, we may see some correction, but overally it is bullish.

Jan 25, 2018

Trade active

till now 1495, cheers.

Feb 11, 2018

Trade active

cmp - 1397, in daily, price bounced from horizontal support and 61.8% retracement level.

Jun 10, 2018

Trade active

cmp - 1326.70, price at horizontal support, looks bullish.