From long term or short term perspective, this stock has to correct to 130-140 level, to be able to see strong & healthy uptrend to break resistance @200 which hasn't been breached since 2018. Lack of volume and strength to breakout. May witness short rally upto 205 before declining.
Trade active:
Finally BEPL has breached level of 198-200 and closed at ATH of 202. I still feel volumes are lacking for the required momentum for uptrend, and it will be interesting to see if BEPL repeats the history of reversal from ATH or breaks out in coming days.
Trade active:
stock has retraced from it ATH and is range bound.
Trade closed: target reached:
the stock has retraced to the projected target levels and is still in downtrend. In absence of any strong support, it may further decline to previous ATL levels.