Stock is trading near Weekly channel support. Can be bought at CMP for a good 18% return on a risk of around 4%. To be hold for minimum 2-3 weeks. Note: If price breaks above 214 with a good bullish weekly candle, this stock can give big returns if kept patiently.
BEPL looks to move in a parallel upward channel and currenty is trading at the lower end of the channel...one can enter after spoting a bullish candle or as per their setup.The strong quarterly numbers would help it sustain within the channel and make new highs.The risk reward ratio is in absolute favour,One can have a small stoploss and the potential upside...
Stock after forming rounding bottom has delivered multi-fold returns over a period of 18 months. Also facing strong resistance at around 195-200 levels. Now any close above 195 levels on weekly CB , would take the stock to new high above 225 levels. One can keep the stock in watch-list and trade accordingly after any breakout with good volumes. Also can be...
BEPL is in resistance of weekly basis and strong supply area. If It will cross this level then it will blast. Even its rounding bottom completed at this level
BEPL Multiyear Breakout Level above 210 .... ..... ........ .....
Details on Chart Note: This is for educational purpose only
Buy on DIP Targets on Chart Note: This is for educational purpose only.
negative divergence forming on weekly chart, so if in profit book for time being it'll give again chance to re enter at lower level. MAY be!!!
Keep an eye out for BEPL to breakout It is good for targets of 240 in short tern and 380 in long term! Please do your own analysis before making any decisions and also let me know if I missed something. Let's learn together.
Hello everyone. I am posting it for the first time. The views are personal and for educational purposes only. Please check and do your own analysis before taking the trade. Kindly let me know if there is any mistake in my analysis.
Bhansali Eng(BEPL) debt free company and fundamentaly strong stock facing a strong resistance at 210 if stocks break it 300 is the target
The stock made a new 52W high, breaking the resistance with high volumes. If it is able to sustain levels of 210 tomorrow. it looks poised to reach levels of 225 and 248. Please follow us for more trading setups like these. If you have any queries/suggestions related to above pattern, feel free to type below in the comment section. Do show your love by pressing...
BEPL is placed at very good position, technically. Fundamentally, stock seems very good for below reason, 1. Promoter increased its stake by 1.46% in first quarter of 2020(Jan to March). post which quarterly results are improving. 2. OPM% Margin increased significantly from Sep 2020 quarter and post it. 3. Zero debt. debt reduced to zero from first quarter of...
The above chart is of BEPL (Bhansali Engineering Polymer Ltd), on weekly chart. The stock made a high of around 218 on Jan 2018, then corrected by almost 30% and again made a new high of 225 in April 2018, where it could not sustain and hold the previous high if 218 on weekly closing basis. After forming a kind of triple top at around 215-225 levels in April...
This scrip is expected to give breakout as it had formed a beautiful pattern. So traders keep on your radar to catch the momentum. Thanks to all 🙏🙏🙏