As 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.
293 days daily chart. The 8/1 ascending angle at 119.50 never got tested. The 1/1 descending line will have diminishing influence as today the stock has turned bullish and hit UC. Expect 155.50 in the short term which is 4/1 resistance on the ascending fan.
Bearishness will gradually go away as the stock goes away from the influence of descending line. Today the hindrance was the Upper Circuit limit of 5%. The stock will start behaving normally once it crosses 8/1 ascending line which it may cross in two days at 140.70.