Market_Geometry

BEPL expected breakout to give 100% return from present price

Long
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

Comments

Fresh entry can be taken if sustains
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Ihave taken entry at 169 , should I hold or quit
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Market_Geometry pitambersharma00190
@pitambersharma00190, keep SL-150, hold for few if does not improve can exit.
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See price may give consolidation in the range of 165~180 for week time before giving 180 breakout.
Be patient.
CMP:169.35
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This target price is for long term (> 1year) or short term?
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Market_Geometry VikramRanjan
@VikramRanjan, Final Target <1 year only, I have entered today @155.20 for 1000 qty.
once breakout above 180 , stock will move fast.
only problem Pandemic situation should improve in India. Based on price action exit to decided, same will be updated here in comment box.
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yourslovinglyakhil Market_Geometry
@Market_Geometry, I entered at @174 for 800 quantity should I hold of quit back
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yourslovinglyakhil yourslovinglyakhil
@yourslovinglyakhil, should I wait till divident
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Market_Geometry yourslovinglyakhil
@yourslovinglyakhil, yes entry taken at resistance but don't quit . May add some qty if comes below 166 again.
I added some more qty @163.

Disclaimer:

This is small cap , risk is there always, if market crash any time first hit will be small cap. Hence keep your risk small. Alway look at R:R ratio.
Small cap should not be more than 10% of your portfolio.
keep it mind.

you can fresh entry if clean break out above 180.
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Saffytrades yourslovinglyakhil
@yourslovinglyakhil, Taken wrong entry, Dont quit try to reduce your avg.
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