BHANSALI ENG POLYMERS
Breaking out of a big base, horizontal channel pattern.
Good Volumes.
Disclaimer:
For educational purpose only.
Please do your own research before taking any trades.
Happy Trading!
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1%-2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking...
Stock coming out from long consolidation and gave huge breakout in one day timeframe close 10% and it has potential to reach major resistance at 140 and it may try to break major trendline too since this stock has decent financials. But it has to cross the nearby hurdle of 107.
Expecting good returns once it crosses the nearby resistance to have very long run....
Stock has been consolidation in 82-98 range once it breaks upper band up move till 112 can be seen.
If the momentum continues the stock is a 2x candidate
BHANSALI ENG POLYM is a Process Industries/ Industrial Specialties stock that have been consoladating for past 7-Months. by looking the volume spike it seems bulls will be taking the stock to outside the channel now. once breakout is successful, after little consolidation it can give a very nice Risk:Reward :: 1:3 Approx.
Reasons:
RSI is crossing 60 to...
📌SWING TRADE FOR NEXT WEEK🚀
Hello guys,
I am a swing trader by passion i only trade on swing stocks.
📌I post daily SWING CHARTS analysis on my trading view profile..
so let's start
📌TRADE ANALYSIS OF BEPL :-
•Breakout of symetrical pattern on WTF with strong candle
•Break counter trend line and hidden lines
•Volume increases last few weeks high
•Bullish...
NSE: BEPL is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 13% gain on...
⚡️Almost Debt Free
⚡️10Y Profit Growth of 61% CAGR
⚡️Promoter's & DIIs buying in last Qtr
⚡️900% return from Mar 20 to Oct 21
⚡️Sideways since Oct 21
⚡️5 months tight consolidation
⚡️Rectangle Pattern
⚡️0.618 level of downfall acting as resistance
⚡️Momentum expected above 100
🔴 SL 84
🟡 CMP 89
🟢 TGT 98/111/134
Strong buy very good fundamental almost monopoly & capex play my long term stoploss is just 60₹ it's not for trading it's only for investment
Hold right
Sit tight
My target is ath in 9 months
