Strong buy very good fundamental almost monopoly & capex play my long term stoploss is just 60₹ it's not for trading it's only for investment
Hold right
Sit tight
My target is ath in 9 months
BEPL -
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...
BEPL is looking strong on charts
Buy above, once it crosses 123, for minimum target of 12% and max target of 80 % (Dec'24)
Peter lynch fair value 295
Fair value by Discounted Cashflow Model by Free Cashflow is 212
We can see the patterns repeat in charts
One has to be an observer when viewing charts, if you focus on patterns and check similar pattern in history, you will be able to judge what next can come with the stock
Pattern Repetition:
Historical patterns tend to repeat themselves in the market due to the influence of human psychology and market dynamics. By...
The market works in cycle. Once around support level it will reach the resistance which counts as a cycle.
Right now we are at a start of a cycle.
BEPL is a sound stock which makes it even better choice.
The lines are self explanatory.
Please provide your comments if you see any scope of improvement.
I feel like my charts are best.
Disclosure : I am not SEBI...
Fundamentals : Strong, consistent on Sales, Profits, significant EPS growth. High Reverse Vs zero Debt!
Technicals : Bullish, Falling wedge breakout with high vol, forming C&H, Harmonic activates above R1, price above MAs - 20-50
R 1: 140
R 2: 160
R 3: 190
S : 10
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
