BEPL trade ideas
Long BEPLBuy at cmp : 159.8; target : 198 ; SL : 143.
strong fundamentals; in buying zone; good volume
keep for long term
BEPL LongBEPL is trading near strong resistance zone. Long above 180. Next level to watch 220/225. Above 225 the stock is open to sky.
Strong #Momentum Buildup Triangular Pattern breakout(on Daily Charts)
Rounding Bottom + Blag and pole Pattern (on weekly charts)
Rev up 15% (QoQ) & 88% (YoY)
Highest ever OPM% at 46%
Net profit up by 20% (QoQ).
Keep it on watch-list.
BEPL expected breakout to give 100% return from present priceCUP & Handle pattern formation @BEPL may give breakout any time.
Stock can be entered @demand zone (152~157) or in the breakout above 180.
SL-150
T1-220
T2-250
T3-286
Final Target-318
In spite strong fundamental in the last two quarter stock price could not reach to the true value due two supply zones resistance.
PE ratio is very low compare to competitor.
FY21 EPS is 20.13 compare to last year FY20's EPS 4.04, but stock price has not yet created all time high.
BEPL, time correction near complete should move towards trgt 224bhansali engg. poly ltd, was in time correction since jan 2021, seeems though the correction is near complete. any close above 167, should take it towards 224...
Potential Buy....It's Cup & Holder Pattern.....
MACD signal is bullish...
RSI is somewhat nearer to 60...
Fundamentals are excellent...
Active Ratio - 2.86
Company is debt free
ROCE is 25%
Pledging is zero.
Free cashflow is 71.64cr.
It Should be in watchlist......
Risk takers can buy it..
One threat is there is formation of evening star...
Confirmed Breakout in BEPL.As you can see, after a prolonged consolidation stock has now given breakout on large volumes. Can enter 50% positions on Breakout and 50% on PB near 150-155 zone.
Keep a Strict SL of swing low near 135.
Given the overall market conditions are not ideal, Risk only half of what you normally would. i.e If you risk 10k per trade, do not risk more than 5k.
Good luck!
Disclosure : Holding Positions
BEPL - New BaseThe stock seems to have formed a new base and broken out with high volumes. The underlying commodity price has gone up and the stock now seems to be following that move
Had already shared 2 buys today at 153.50 and 160.
The next entry will be above the marked price of 163.50.
Can go thru the chart in the related idea links to see previously shared chart.
BEPL BreakoutNSE:BEPL
Fundamentals:-
Bhansali Engineering Polymers is engaged in manufacturing of ABS and SAN resins which is classified under the category of Highly Specialized Engineering Thermoplastics.
5 year sales and profit CAGR at 13% and 69% respectively.
ROE for last 3, 5 and 10 years greater than 20%.
Debt to equity at 0.0, Interest coverage at 1035 and Current ratio at 2.86.
Dividend yield at 0.33% and consistent dividend payer since 2015.
Company has enough cash for future growth plans. FCF (free cash flow) to CFO (cash from operations) at 62%.
The stock has given a volume breakout today. Buy with a stop below Rs.145.
BEPL Bhansali Positional ViewNSE:BEPL Levels already mentioned.. Good for Swing...
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Note:
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