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MandeepSinghKohli
Aug 1, 2021 3:52 PM

Breakout in Rupa & Company... Long

RUPA & CO LTDNSE

Description

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.
Comments
HS_GANDHI
Paji TATASTLBSL ka chart analyse krdo pls
caesar124
@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
@caesar124, The merger news is still in the making but overall it's good for BSL...
caesar124
@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?
MandeepSinghKohli
@caesar124, Correct... Totally agreed...
caesar124
@MandeepSinghKohli, thanks for the reply!
MandeepSinghKohli
@HS_GANDHI, Trading in a range. Weekly closing above 103 will open gates for 156. There is support at 83 levels...
Piyushpp
Is it right time to average?
MandeepSinghKohli
@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...
Piyushpp
@MandeepSinghKohli what is the level of white line channel breakout ?
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