BEPL trade ideas
This is a 479 day chart from 01.03.2017. 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 crosses 180 and remains bullish, the stock may reach 260 in next one to three months.
Intermediate four descending variable resistance points are there those will be temporary obstacles.
We will examine them when we approach the levels.
