With 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.
If 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...
since 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
