The scrip has just crossed an inflection point at 160.35 where it crossed descending 1/1 fan formed from the top of 224.45 that was touched on 10.04.2018.
It is hoped that the stock does not turn bearish and start toeing 1/1 descending line from tomorrow, that will touch 143.65.
If the stock remains bullish, then short term target is 180.
Once it conclusively...
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
BEPL looking like in Consolidating and Forming the "Descending triangle" pattern on day charts.
Price recently got rejected from 50% levels recently and moving side ways with lower levels.
Although its making strong support at 155 - 160 levels, but looking at overall trend and nifty , price likely to break the support.
This confirms the bearishness and...