Done with a base formation?Chart -> Bhansali Eng Daily
After a downtrend, the stock was consolidating in a range of 116 to 120 as resistance.
Today it broke out with a good volume pop-up.
CMP: 124
Targets: 135, 145, 157
SL: 110 on daily closing basis
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
Bhansali
Breakout in BEPL (TECHNO FUNDA PICK--2)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 FF (Cr.)---1,386.02
Please maintain SL closing basis as this is small cap stock
Risk 1-3% of your capital(so plan position sizing base on this)
My trading view ideas past accuracy around 71%(Please maintain your SL)
BHANSALI ENGINEERING POLYMERS SHORT TERM REVERSALBEPL 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 targets of 195/210/225 can be seen in the medium term prespective
Bhansali Eng (BEPL) - LongBhansali Eng (BEPL) - Long
Trendline testing.
What I see in the chart is, whenever it touches the trendline it bounce back wildly.
I hope it will bounce back this time also as Nifty is also bullish.
Support:172.90 & Target: 194.8 (10%+)
Trade and Invest Wisely with your own knowledge! Good Luck!
You can also see my other stock analysis and the results in my profile ideas. Please follow me , If you would like to see more ideas on winning stocks.
**Disclaimer:
I am NOT a SEBI registered consultant/Advisor. It is completely my view and opinion.
My intention is not to provide any financial advice, training advice, or any type of advices or any recommendations on stock/Forex/Coin buying or selling.
Please do your own research and consult with your financial advisor before taking any action.
I am not responsible for any of your action on buying or selling or holding the above mentioned stock or/and index or/and Forex or/and coins .
***
BHANSALI ENG POLYMBHANSALI ENG POLYM is the Bluest of the Blue Chips.!!!
Fundamentally it's very strong, Debt/ Eq 0.00 almost and very cheap price as per P/E ratio ( 9.15).
Technically 172.6 is a very strong SUPPORT, previously it was the RESISTANCE line. Overall best stock to hold for long-term investment.