BHANSALI ENG POLYM NSE:​BEPL

Just shy of support and likely to be recouped in a short while. If bullishness resumes, We may see BEPL above 100 by Repulic Day

Resistance at 105-106. Support at 87 progressive. Has to close above 106 for any bullish reversal

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.

In 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.

Weekly Strength C > 114 can take it to 140.5

I will pin my last hope at 56.20

123.10 is short term and long term final support. Hope it holds.

It has touched 0.5 fibonacci. Will it bounce back ?

The 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.

It 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 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.

Last 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.

SCROLL OVER GREEN BOX FOR TARGETS

May reach 161 in 15 days

Either the stock starts up move from here or may visit support at 120.50 for further up move

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.

If due to result the scripn turns bearish, intermediate support exists between 131-134 and further down 2/1 support exists at 108.5