BEPL has formed rounding bottom in monthly chart. The resistance which is also the completion of rounding bottom around the level 43- 46 should break with high volume . When price action breaks it with significant volume , price will move up further. I expect this stock to gain 15 to 20 points in one to two years. The rounding bottom or saucer bottom is a long term reversal pattern which indicates a shift from the downtrend to an uptrend. This pattern forming in the monthly chart indicates this script is turning more bullish . When buyers enter the market at a low price, it increases the demand for the stock . Once the rounding bottom is complete, the stock breaks out and will continue the uptrend.
Transaction en cours
Trade fermée: cible de profit atteinte:
Gained 30 pts in 2 months.
Commentaire:
What a move!
