Large Triangle Pattern. Good consolidation Expecting it to go all the way to the top. Slow and Steady
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 Study - 3 Supply Zone breakout with high volume Target of 140 With SL - 113 This chart is only for educational purpose
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...
BEPL - If it is Cross 130 it will break the lower low formation pattern - Uptrend Educational purpose ...
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...
Long @ CMP Stoploss below 200 EMA Target 23% RR 2.5
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...
Details on Chart Note: This is for educational purpose only
negative divergence forming on weekly chart, so if in profit book for time being it'll give again chance to re enter at lower level. MAY be!!!
Keep an eye out for BEPL to breakout It is good for targets of 240 in short tern and 380 in long term! Please do your own analysis before making any decisions and also let me know if I missed something. Let's learn together.
The stock made a new 52W high, breaking the resistance with high volumes. If it is able to sustain levels of 210 tomorrow. it looks poised to reach levels of 225 and 248. Please follow us for more trading setups like these. If you have any queries/suggestions related to above pattern, feel free to type below in the comment section. Do show your love by pressing...