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...
about company -
Bhansali engineering polymers limited (bepl) has pioneered in manufacturing international quality acrylonitrile butadiene styrene (abs). the company is a value driven organization, aiming excellence in providing quality products and services, since its incorporation in 1984.BEPL is a company that takes pride in being the lowest cost producer of ABS...
From long term or short term perspective, this stock has to correct to 130-140 level, to be able to see strong & healthy uptrend to break resistance @200 which hasn't been breached since 2018. Lack of volume and strength to breakout. May witness short rally upto 205 before declining.
Currently BEPL is trading at a market price of 131 Rs. It’s current TTM EPS is 26.50 Rs. And in the past 5 years BEPL is traded at an average P/E Ratio of 14.1. If we simply calculate the fair value of the stock, it is 374 Rs. Which make the stock hugely undervalued. Within next 1.5 years we can expect a return of 185% from these levels and more depends upon the...
This post is not for traders who want to trade with stop loss. This is for long term investors who wants to buy fundamentally strong beaten down names at a good entry points.
NSE:BEPL
Bhansali Engineering Polymers Ltd is engaged in manufacturing and sale of ABS Resins, AES Resins, ASA resins, SAN resins and their alloys with other plastics in the Indian...
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...
Its fundamental Ratios are really good. RoCE and RoE being much higher than the industrial average. Company is almost debt free. The PE is below average which indicates that it's undervalued relative to its peers.
The falling wedge should give a breakout before 50%(122.0) for the cup and handle pattern to stay valid. That could be a good entry point.
C&H pattern...
This script was started to taking a good trend line support since December 2020 Now it broke and retested. Trendline support now acting as a resistance. even though retracement level is not up to the point as per overall condition it would go down side. entering at 172.25 Risk: Reward=1:1.75, Stop loss: if candle close above 195.40. 162 of our first target,...
I assume BEPL can be a good selection having a strong fundamental and expected good Qty results .
Buying levels on chart
Do your own analysis before trading,
only for educational purpose
Bhansali Engineering Polymers Ltd. engages in the manufacture and sale of acrylonitrile butadiene styrene (ABS) and styrene acrylonitrile (SAN) resins. Its products include general ABS, flame retardant ABS, polycarbonate and ABS alloys, transparent ABS, and extrusion ABS. The company was founded on April 9, 1984 and is headquartered in Mumbai, India.
