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Yes2Profits
Aug 2, 2021 12:52 PM

BEPL - Bullish BreakOut Long

BHANSALI ENG POLYMNSE

Description

The stock was moving in an ascending pattern on the lower trend line, and has now crossed the top resistance level. It is now trending closer to its all time high of 224.5, which is given as a near term target.
Break out happened with significant volume, suggesting that the trend is expected to continue.

Depending on your risk profile, you may maintain a stop loss at ~180 levels.

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