CUP & Handle pattern formation @BEPL may give breakout any time. Stock can be entered @DEMAND zone (152~157) or in the breakout above 180. SL-150 T1-220 T2-250 T3-286 Final Target-318 In spite strong fundamental in the last two quarter stock price could not reach to the true value due two supply zones resistance. PE ratio is very low compare to competitor.
FY21 EPS is 20.13 compare to last year FY20's EPS 4.04, but stock price has not yet created all time high.
See price may give consolidation in the range of 165~180 for week time before giving 180 breakout.
Be patient.
CMP:169.35
VikramRanjan
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This target price is for long term (> 1year) or short term?
Market_Geometry
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@VikramRanjan, Final Target <1 year only, I have entered today @155.20 for 1000 qty.
once breakout above 180 , stock will move fast.
only problem Pandemic situation should improve in India. Based on price action exit to decided, same will be updated here in comment box.
yourslovinglyakhil
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@Market_Geometry, I entered at @174 for 800 quantity should I hold of quit back
@yourslovinglyakhil, yes entry taken at resistance but don't quit . May add some qty if comes below 166 again.
I added some more qty @163.
Disclaimer:
This is small cap , risk is there always, if market crash any time first hit will be small cap. Hence keep your risk small. Alway look at R:R ratio.
Small cap should not be more than 10% of your portfolio.
keep it mind.