BEPLBEPL has triangle [atten breakout SL bellow 125 and TGT are mation in chart This chart analysis just for educational purpose not any buy and sell recommendation
BEPL
#BEPL 104 TGT200 SL80 #NIFTY #BANKNIFTY #Stockstowatch #stocksBEPL 103.95
TGT 200
SL 80
TF < 8M
NSE:BEPL
RR > 4
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BEPLChart showing good movement...
Company is doing good work. Above ATH Breakouts we can see sharp rally upside.
Near term it can reach to 145-150.
BEPL giving a breakout on bounce. Bhansali Engineering Polymers Ltd. engages in the manufacture and sale of acrylonitrile butadiene styrene (ABS) and styrene acrylonitrile (SAN) resins.
Bhansali Engineering Polymers CMP is 99.68. The positive aspects of the company are Company with No Debt, Company with Zero Promoter Pledge, Growth in Operating Profit with increase in operating margins (YoY) and MFs increased their shareholding last quarter.
The Negative aspects of the company are Companies not able to generate net cash.
Entry can be taken after closing above 100. Targets in the stock will be 103, 106 and 109. The long-term target in the stock will be 113 and 117. Stop loss in the stock should be maintained at Closing below 88.
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
BEPL - Nice breakoutHello Friends,
I hope this email finds you well. I am excited to share with you a trade opportunity that has caught my attention.
During today's session, BEPL presented a breakout scenario. The stock price had been consolidating within a range, and notable higher highs were observed in the timeframe. I entered the trade at 95, and the current market price (CMP) is 103.15.
From a technical standpoint, the breakout accompanied by significant volume is a positive indicator for the stock. I anticipate it to breach the recent high at 110, aiming for the all-time high at 145. My optimism lies in the comparatively lower resistance at 145, with the price dropping by 60% from the previous all-time high. In the past, the drop from this level was much steeper at 88%, meaning it attracts more buyers at this level. The rally from 70 levels to 110 was nice in the short term with significant volume. The second leg was range-bound between 96-87, and now this breakout.
Taking a closer look, the price movement has formed a cup and handle pattern, suggesting a potential breakout. A move above 145 opens up an optimistic target, and I am looking at 250 as the potential target for the cup and handle formation.
Disclaimer:
Trading stocks come with inherent risks, and market conditions can change rapidly. This recommendation is based on my analysis, and trading decisions should be made with caution. It is essential to conduct thorough research and consider your risk tolerance before making any financial decisions. The stock market is unpredictable, and past performance does not guarantee future results.
Always exercise your discretion and, if needed, consult with a financial advisor to ensure your investment strategy aligns with your financial goals.
BEPL (Swing):BEPL (Swing):
Stakes are high for a 40-50% up move via swing.
Script is moving out of the strong demand zone.
Keep adding in chunks at the current level and on any dips if possible.
Appropriate demand and resistance levels are highlighted with target.
Time to attain the target can be over 6 months.
Note: Do your own due diligence before taking any action.
I would be posting updates for this chart in the comments sections as time progresses.
Queries are welcome.
BEPL, Channel Bottom tradeWith ABS prices up this month 14%, and the stock moving nicely in this upward sloping parallel channel, it should be an interesting watch for the next few weeks and entry can be taken at cmp with prices at the channel bottom and look for targets of around 218-225.
BEPL_Educational viewIf bansali (BEPL) breaks with huge volume from the current level (on or before 24-12-2020), then, it shall test 154 (immediate target) with (1-2% error band) and shall see 200 (possible upside potential) before (15-01-2021)
For this, 136-139 would acts as support level and 142 level (1-2% error band) would acts as Immediate resistance.
Good support is available at 125 in the case of consolidation mode.
Only an educational view.
BEPL, Long, Price Actionsince the stock has tested the support multiple times, it may give away with it and drop to 140.
a quick bounce can be expected from 136-140 level to 156, before retracing back to 140s.
trade only for aggressive players
