Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
@HS_GANDHI, chart indicates a very bullish move in the near-term. (disclosure: I bought in at 88.45 and my targets are T1 is 97.55, T2 is 102)
But the bigger concern for investors should be the news about the merger.
Mandeep, I'd really appreciate if you shared your views on the merger news and what you think it'll do for the stock in the near future. It's impact on BSL scrip? thanks
MandeepSinghKohli
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@caesar124, The merger news is still in the making but overall it's good for BSL...
caesar124
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@MandeepSinghKohli, it'll be good for the company. But if they go ahead with a 15:1 merger ratio, the trade won't be lucrative for BSL shareholders. correct or incorrect?
@HS_GANDHI, Trading in a range. Weekly closing above 103 will open gates for 156. There is support at 83 levels...
Piyushpp
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Is it right time to average?
MandeepSinghKohli
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@Piyushpp, Rupa is monthly chart so bit of investment. Now again in white line channel. Major move when it will break it on upside. Trend is still up so can average...