#BEPL Bhansali Engineering Polymers Ltd. CMP: 53.65 Target: 60 / 70 SL: 47 If you like my work, kindly donate, :)
Price has reacted to weekly key level. nice pop up on weekly and daily. #riskybet
BEPL hitting Fib Retracement. Upcoming results may push it to 160
Support 120.30, resistance 132.25, short term targets 144, 146.50, 158, 166
Next target 133 followed by 147 in near term.
My opinion is one should wait for 134-136 for fresh entry when some bullishness returns. Please check RSI, MACD, momentum oscillator along with Ichimoku chart, particularly MACD before entry.
Unless it closes above 131.05, there is a possibility that it may follow descending 1/1 line to find support eventually at 105.
As was speculated bullishness returned in the counter. If for the next two days it hits circuit, the stock will cross the resistance at ~159.50.
Watch out for crossing the band 155-158 for further upmove on the eve of Q1 result
1/1 descending fan crossed, one may have a target of 176-180 in near term.
I think BEPL may touch 140-144 before touching 180 level.
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...
With 5% upmove the stock has crossed an important resistance of 4/1. The next 3/1 resistance is at around 165. Watch out for 165 in next couple of days.
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