BEPL - Investment Stock!

627 3
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!
Join me in telegram to learn & earn. I also post my trades there.
Welcome back Vanathi
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.
@Arunr, pts is equal to rupees(INR)
EN English (IN)
EN English
EN English (UK)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out