Bhansali buy - positionalLittle risky. So buy between the given levels.
Buy from 47.5 to 45
daily clbs sl 42.9
tg 55.5/63.5
BEPL trade ideas
Holding the last supportIt is importatnt to note that the last support angle is being held on closing basis for the last two months, which was in the range of 49-52. The stock may remain in a sideways movement till mid-December (or earlier, depending on news, change in fundamentals etc.) when it may make an up move.
May go down in the short termBEPL has a support at 70.90. If it breaks due to bearish sentiment the last support will come at 47.90. Resistance at 89
May go down BEPL has a support at 70.90. If it breaks due to bearish sentiment the last support will come at 47.90. Resistance at 89
May turn bullishIf 74.55 is crossed tomorrow and the stock becomes bullish near term target 90, intermediate term target 105.
In cross junctionFresh bullishness and break out in the coming days will be seen if the stock manages to close above 79.50 today
BEPL : BAD result, Overall BearishIntermediate Target : 60
Final Target : 48 and It can give a bounce from there
Just a tad below the supportJust shy of support and likely to be recouped in a short while. If bullishness resumes, We may see BEPL above 100 by Repulic Day
Consolidating with upward bias.Resistance at 105-106. Support at 87 progressive. Has to close above 106 for any bullish reversal
Likely to turn bullishAs was anticipated, BEPL found its nadir at 60 odd, turned bullish and now in consolidation for the last two days. Supports are at 84.70, 78.20 and strong support at 63.10 and progressive. Target in short/ intermediate term is 143 if bullishness persists.
May be the prolonged fall will be arrestedIn a prolonged bearish trend when all the technicals seems to have failed, I still have a faint hope that a reversal may come at 59.85.
We might have seen the low in BEPLThe last support is at 128.10, but I think the turn around should start from 129.45 tomorrow. My opinion, please consult experts for investment decisions.
A series of resistance aheadIt is a 75 and 35 day combined chart. The resistance points are 141.30, 143.95, 156, 160. Yesterday the stock stopped short of 141.30. Support at 134.5
BEPL consolidating BEPL consolidating with a support at 136.95. For Monday if the stock closes above 142.75, it will have 1/3 resistance crossed and may turn further bullish.
Could not break resistanceLast week the stock could not cross 4/1 resistance. It is hoped that it will be able to cross 158.70 on closing basis on monday, to move further up.
