Hello Everyone, i have brought another stock which has given breakout of long consolidation almost 6 years. Stock name is Bhansali Engineering Polymers Ltd and it is engaged in manufacturing and sale of ABS Resins, AES Resins, ASA resins, SAN resins and their alloys with other plastics in the Indian market.
Its customers include leading companies dealing in...
BEPL has been consolidating in a cup and handle pattern in monthly timeframe
130-150 has been a strong supply zone for the stock which has been successfully crossed.
Now, we might see a big strong move as gates are open for stock.
Long term investors should not miss this stock.
Swing traders should wait for pull back of 135 levels for entry.
We can expect...
BHANSALI ENG POLYM is a Process Industries/ Industrial Specialties stock that have been consoladating for past 7-Months. by looking the volume spike it seems bulls will be taking the stock to outside the channel now. once breakout is successful, after little consolidation it can give a very nice Risk:Reward :: 1:3 Approx.
Reasons:
RSI is crossing 60 to...
NSE: BEPL is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 13% gain on...
BEPL Looking strong as the volume is building well. Hope it breaks the upper end of the trading range if it breaks on the higher side. immediate target is 170..
If earning season is good then it will blast in next few weeks.
This is for Educational Purpose.
Monthly chart here -
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one...
BEPL
Downtrend broken
Key Zone tested and broken with high volume spikes
Fundamentals - zero debt company, ABS material making company
This chart is only for educational purpose
about company -
Bhansali engineering polymers limited (bepl) has pioneered in manufacturing international quality acrylonitrile butadiene styrene (abs). the company is a value driven organization, aiming excellence in providing quality products and services, since its incorporation in 1984.BEPL is a company that takes pride in being the lowest cost producer of ABS...
This post is not for traders who want to trade with stop loss. This is for long term investors who wants to buy fundamentally strong beaten down names at a good entry points.
NSE:BEPL
Bhansali Engineering Polymers Ltd is engaged in manufacturing and sale of ABS Resins, AES Resins, ASA resins, SAN resins and their alloys with other plastics in the Indian...
Ascending triangle BO in BEPL with good volumes
volumes picking up in uptrend and dry up in consolidation
For momentum players
Buy at CMP (Add till 175)
Target 224-250
SL--145 Closing basis
For Fundamental investor
Add on every dip
(My average price is 151)
Market Cap-- ₹ 3,083 Cr.
Stock P/E-- 9.25
ROCE-- 86.1 %
ROE-- 64.3 %
Company is almost debt free
Mcap...
Stock is trading near Weekly channel support. Can be bought at CMP for a good 18% return on a risk of around 4%.
To be hold for minimum 2-3 weeks.
Note: If price breaks above 214 with a good bullish weekly candle, this stock can give big returns if kept patiently.
BEPL looks to move in a parallel upward channel and currenty is trading at the lower end of the channel...one can enter after spoting a bullish candle or as per their setup.The strong quarterly numbers would help it sustain within the channel and make new highs.The risk reward ratio is in absolute favour,One can have a small stoploss and the potential upside...
