Bhansali Engineering Polymers Ltd- Bullish Chart patternOne can accumulate in chunks buy keeping SL at 100 on closing basis.
For short term, waiting for confirmation breakout. Keep Swing low as SL.
*Note- Educational purpose only.
BEPL trade ideas
BEPL Trading within Tested Demand Zone of ₹133.7 to ₹118.1BEPL is currently trading at ₹136.13, revisiting a previously tested demand zone between ₹133.7 and ₹118.1, which was established on July 5, 2024. This tested zone may attract renewed buying interest, as previous investor activity indicated potential support in this range. Monitoring price behavior in this area could provide insights into future movements, with possible signs of a bullish response if demand is sustained.
BEPL Breakout Ready LongDate : 11-10-2024
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Breakout Ready(PICK RESEARCH TO OBSERVE)
BEPL Looks Good Above 175
SL 120
Target 219, 261, 340, 400++
Hold Period : Few Weeks to Months
Reason for Pick : Breakout, Above 20, 50, 200 SMA
Please consult your financial advisor before investing
All research for educational purposes only.
BEPL looking good on a monthly timeframe#BEPL may continue its bullish trend if it closes the week above 166. This stock is a good example of re-test case study because an earlier resistance is now becoming a support. The entry can be planned if the stock goes above 166. Upside potential: 50-60%. Stop loss: 135. This is not a buy/sell recommendation. Research carefully and invest at your own risk
#BEPL :- Looking Good#BEPL :- Looking Good
After Bo It will Go For 200 Levels
looking good in these days
Go Long BEPL for SwingConsider this for swing Long as it is good financial and technically bullish and trend follows
BEPL Looks BullishBhansali Engineering polymers ltd looks bullish for two reasons:
1. FVG - Price Reflected from Fair Value Gap with a bullish movement.
2. Support Line - Price reached to it's support line where FVG Supported it well
Price can reach to 181 in short term, which is around 11% Upside movement.
Note: This analysis is just for educational purpose. Do you own research before investing.
BEPL21EMA undercut and now above it. Trend intact, volumes dried up. No selling.. good fundamentals.. likely to gain momentum above 170 with good volumes may result in good upside
PERFECT 'W' PATTERN STOCKThe stock has given a breakout and also the retest has been done.
The stock is ready to move towards the targets of;
1. 190
2. 200
NOTE - Analyse yourself before investing.
HAPPY TRADING!
BEPL MULTI YEAR BREAKOUT BEPL gives multiyear breakout its taking support near all time high, it will be a good bet,if invest wisely
BEPLStrong stock from strong sector
Good Price Volume Structure
Above 180 with good volumes will take it to new highs
BEPL - 15% upside potential - Multiyear BO Setup!Price Analysis & Overview:
1. Good volumes
2. Strong Breakout and Retest done
3. Good candle formations.
Trade Plan:
Entry = 160
SL = 10-12%
TP = 20-25%
- Stay tuned for further insights, updates and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Views are personal. I share whatever I do. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
Bhansali Engineering Polymers Ltd.Bhansali Engineering Polymers Ltd. engages in the manufacture and sale of acrylonitrile butadiene styrene (ABS) and styrene acrylonitrile (SAN) resins.
BEPL - Weekly BreakoutThis stock has given a weekly breakout after consolidating near ATH. It is a good momentum trading opportunity.
Multi year breakout in BEML BEML has huge upside poteintial
✅Multiyear breakout
✅Condolidation near resistance zone & before breakout
✅good volumes
✅huge breakout candle
BEPL - Weekly AnalysisIn the Weekly Chart of BEPL ,
we can see that, after trendline breakout, it has retested and shown a up move with creating a Halt candle.
Enter on breaking Candle's with Low as SL.
Possible momentums are shown in chart.
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.
Don't Forget to Follow me to get all the updates.
Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
BEPL- interesting consolidation breakout on monthly chartsBhansali Engineering Polymers Ltd. an interesting chart and a long term consolidation breakout
1. Stock breaking out of long term consolidation zone i.e. on monthly chart and crossed its all time high resistance zone of 2017 i.e. 122-124 levels. (which can act as strong support now)
2. RSI on all time frames (DWM) above 60
3. Company is almost Debt free
4. Company has a good return on equity (ROE) track record: 3 Years ROE 23.4% and Company has been maintaining a healthy dividend payout of 92.4%
Can be good risk reward to buy near support or on dips and dips only
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
Bhansali Engineering Polymers LtdBhansali Engineering Polymers Ltd
BreakOUT
Disclaimer:-
This is only for educational purposes. The author is neither a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index, or any other financial instrument at any time.
Take BEPL for 30 % Big profit.Take entry at cmp 149
Target 202
Next average at 119Rs( Invest same amount at this level)
Very good fundamental and the best Q1 result declared.
Just hold it for next 6 month and our target will hit.
Be invested.
With BEPL , We have completed 100 Ideas to tradingview today & very soon we will achieve 1000 followers also . Thanks for all of your support.
6 Years Consolidation Breakout in BEPL || (456%) upside possibleHello 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 Automobiles, Home Appliances, Electronics, Healthcare and Kitchenware.
Technically and fundamentally stock is really good with awesome management.
MACD is giving bullish crossover.
Price is above 200-DEMA.
Breakout already taken place and sustaining above to trendlines.
Everything is suggesting bullish reversal in stock. Stock is good for short term to long term. If anybody is holding stock at least for 1-2 years, we can get returns more than 200-500% returns. I have written all the levels on chart for short term to long term traders, go accordingly.
Business Overview:-
Company manufactures ABS (Acrylonitrile Butadiene Styrene) and SAN (Styrene Acrylonitrile) resins. ABS is used to make light, rigid, molded products such as pipe, automotive body parts, wheel covers, enclosures, and protective headgear. SAN is a plastic copolymer with thermal resistant and chemical resistant nature and its uses including housewares and consumer goods, various compounded products, packaging, appliances (electrical and electronic).
Focus:-
Company is focusing on expanding its presence in the ABS segment with a capacity expansion program. It plans to intensify its efforts to optimize its share of the ABS market segment, especially from the automotive industry with the support of its JV with Nippon.
Market Cap
₹ 3,903 Cr.
Current Price
₹ 157
High / Low
₹ 160 / 81.6
Stock P/E
21.6
Book Value
₹ 37.0
Dividend Yield
2.49 %
ROCE
24.4 %
ROE
18.1 %
Face Value
₹ 1.00
Industry PE
19.6
Debt
₹ 0.00 Cr.
EPS
₹ 7.22
Promoter holding
57.5 %
Intrinsic Value
₹ 106
Pledged percentage
0.00 %
EVEBITDA
14.6
Change in Prom Hold
0.00 %
Profit Var 5Yrs
31.1 %
Sales growth 5Years
-0.05 %
Return over 5years
27.2 %
Debt to equity
0.00
Net profit
₹ 180 Cr.
ROE 5Yr
28.8 %
Profit growth
32.3 %
Earnings yield
7.34 %
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
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