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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.
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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
The triangle formation with dozi may be the indication of imminent breakout this week or early next week. 140-142 may turn out to be a good entry point, as was earlier assumed.
Crossed important 4/1 resistance. One may hope for 169 and support at 147.90
As per the chart details I think there is further some more downside with a SL of 110, but if you look the company fundamental and other aspects I think this is the best time one can make entry and can reap the gains.
Else, will gradually go down to 112.50