Market_Geometry

BEPL expected breakout to give 100% return from present price

Long
Market_Geometry Updated   
NSE:BEPL   BHANSALI ENG POLYM
CUP & Handle pattern formation @BEPL may give breakout any time.
Stock can be entered @demand zone (152~157) or in the breakout above 180.
SL-150
T1-220
T2-250
T3-286
Final Target-318
In spite strong fundamental in the last two quarter stock price could not reach to the true value due two supply zones resistance.
PE ratio is very low compare to competitor.

FY21 EPS is 20.13 compare to last year FY20's EPS 4.04, but stock price has not yet created all time high.


Trade active:
Entry taken @155.20
Trade active:
moving towards goal
Trade active:
CMP :169.35

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