BHANSALI ENG POLYM NSE:​BEPL

Stop loss - till closing above the trend line Target - 96

75 has to be crossed on closing basis to morrow for short term target of 82

If 74.55 is crossed tomorrow and the stock becomes bullish near term target 90, intermediate term target 105.

Fresh bullishness and break out in the coming days will be seen if the stock manages to close above 79.50 today

Intermediate Target : 60 Final Target : 48 and It can give a bounce from there

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.

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