Today bccl made a debut and gave nearabout 90-100% of returns to there lucky investors.
Stock price made a high of 45 and then shown profit booking towards 40 rs level.
Now 45 is a good resistance, once that is taken out we may see more upside.
But looking at today's move after listing more profit booking and consolidation is anticipated.
Also looking at fundamentals stock is now trading near to 8-9 pe multiple which is close to it's parent coal India so doubling and all is not expected.
#BCCL
Stock price made a high of 45 and then shown profit booking towards 40 rs level.
Now 45 is a good resistance, once that is taken out we may see more upside.
But looking at today's move after listing more profit booking and consolidation is anticipated.
Also looking at fundamentals stock is now trading near to 8-9 pe multiple which is close to it's parent coal India so doubling and all is not expected.
#BCCL
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.