vanathi
Long

BEPL - Investment Stock!

BSE:BEPL   BHANSALI ENGINEERING POLYMERS
577 3 21
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.
Trade active
Trade closed: target reached: Gained 30 pts in 2 months.
Comment: What a move!
Welcome back Vanathi
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Hello Vanathi,

// I expect this stock to gain 15 to 20 points in one to two years.//

What do u mean by points here? TIA.
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@Arunr, pts is equal to rupees(INR)
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