BCL is at exactly buying priceBCL is at exactly the buying price; it has just broken its long-term Trendline resistance.
A sharp move may be expected.
BCL trade ideas
BCL – LONG TRADE (REVISIT) | 10 JULY 2025BCL – LONG TRADE (REVISIT) | 10 JULY 2025
After gaining support from the AXIS line and initiating a fresh uptrend leg, BCL developed multiple bullish structures now acting as strong support. This is a revisit call following our earlier signal. Due to updated technical developments, the stop loss has been revised upward to Rs. 95 (from the earlier Rs. 70). Momentum suggests a strong continuation toward Rs. 132, where partial profit-taking is advised, while higher Fibonacci extensions lie at Rs. 151 and Rs. 165.
a Very Strong Resistance around 138 - 140.a Very Strong Resistance around 138 - 140.
Those who have already taken entry in BCL should
keep a Stoploss of 117 on Closing basis.
Initial Targets can be around 128 - 130 & then towards 136 - 138.
These levels should be easily attained because of
Hidden Bullish Divergence.
Crossing & Sustaining 140 will lead it towards
150 - 155.
Long Term Targets can be above 200+ but that would
be possible if 182 is Crossed & Sustained with Good Volumes.
BCL | Is correction over?BCL is currently trading around its 200-day SMA and shows promising signs of a trend reversal. The MACD is below the zero line but nearing a bullish crossover, with the bearish histogram fading and potentially turning positive. Additionally, the stock is hovering above the 0.618 Fibonacci retracement level from Rs. 39.01 to Rs. 172.20, suggesting a potential recovery towards the 0.5 Fibonacci level at Rs. 105.87 and the 0.382 level at Rs. 121.64 (which aligns with the 50-day SMA). For a long position, consider entering as the recovery seems likely, with a stop loss set just below the previous low at Rs. 80.
