ParamjitMahapatro
Long

bharat bijlee looks bullish in medium to long term.

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


Dec 15
Trade active: price bounced from horizontal support, till now 1116.90,

Dec 20
Trade active: till now 1273, up by 16% . price has started riding upper BB
Dec 21
Trade active: price closed above imp resistance zone,
Dec 22
Trade active: big move today, closed at 1362.55
Jan 06
Trade active: till now 1434.95, moving up as expected , follow up chart for reference
Jan 09
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
Trade active: till now 1495, cheers.
Feb 11
Trade active: cmp - 1397, in daily, price bounced from horizontal support and 61.8% retracement level.
Jun 10
Trade active: cmp - 1326.70, price at horizontal support, looks bullish.

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