ParamjitMahapatro

bharat bijlee looks bullish in medium to long term.

Long
NSE:BBL   BHARAT BIJLEE
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


Trade active:
price bounced from horizontal support, till now 1116.90,

Trade active:
till now 1273, up by 16% . price has started riding upper BB
Trade active:
price closed above imp resistance zone,
Trade active:
big move today, closed at 1362.55
Trade active:
till now 1434.95, moving up as expected , follow up chart for reference
Trade active:
cmp - 1405, regular bearish divergence formed at resistance zone in daily, we may see some correction, but overally it is bullish.
Trade active:
till now 1495, cheers.
Trade active:
cmp - 1397, in daily, price bounced from horizontal support and 61.8% retracement level.
Trade active:
cmp - 1326.70, price at horizontal support, looks bullish.

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