BEPL - Investment Stock!

Apr 21, 2017

BEPL has formed rounding bottom in monthly chart. The resistance which is also the completion of rounding bottom around the level 43- 46 should break with high volume . When price action breaks it with significant volume , price will move up further. I expect this stock to gain 15 to 20 points in one to two years. The rounding bottom or saucer bottom is a long term reversal pattern which indicates a shift from the downtrend to an uptrend. This pattern forming in the monthly chart indicates this script is turning more bullish . When buyers enter the market at a low price, it increases the demand for the stock . Once the rounding bottom is complete, the stock breaks out and will continue the uptrend.

Jul 12, 2017

Trade active

Jul 12, 2017

Trade closed: target reached

Gained 30 pts in 2 months.

Oct 8, 2017

Note

What a move!