Short Term Trading Opportunity in BEPL for > 20% upsideHi,
NSE:BEPL has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Daily and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
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Bepllong
BEPL : Breakout Candidate (Holding 1-3 Months)#BEPL #Swingtrading #trading #patterntradinng #chartpattern
BEPL : Positional Trading (Holding 1-3 Months)
>> Breakout Stock
>> Monthly Cup & Handle Breakout
>> TWS + Flag pattern + FVG Visible on daily
>> Trending Stock in Momentum
>> Good Strength & Volumes Recently
>> Big Player Entered in stock
Swing Traders can lock 10% profit & keep trailing
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Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
BEPLBEPL -
Fundamentals- ZERO DEBT COMPANY
Study -
1. Reversal from previous support levels
2. Reversal from Double top formation target near 101
3. Bonus Declared
4. Monopoly business of ABS material products
Conclusion -
Retest near 138-144 may be seen
*Targets on charts are*
T1- 171.45
T2- 210
Stop Loss - Near 120-125 Zone
This chart is only for education purpose do your own study before taking any trades
BEPL
Target:- 230
Stop Loss:- 183
Duration:- 5 to 6 Weeks
The stock has already touch the support line and showing a bullish candle, which is an indication of upside move, so we can buy this at market order. Use proper stop loss and maintain discipline throughout the trading period and use trailing stop below all the wave.