*Bharat Bijlee Ltd.*
*W* formation on Monthly basis.
Strong Bouceback from Tripple Support Zone.
Volume Traction picking up.Today Gap (DTF) Covered with sudden Kneejerk reaction.
RSI: 1H <D >W<M. Above 1H in Bullish zone.
EMAs: Widening Gaps amongst 50 /100 /200 levels on Monthly Basis.
_Respective Monthly Resistance levels as likely Targets._
3718 / 3937 / 4314 / 4817 / 5052 / 5382
*Trail SL with Upside*
*Book Profit as per Risk Appetite*
Improving Financials. Rising Revenue on Qtrly /Yrly basis. Consistent Profitability Margins. Growing TNW, Negligible Debt Improving To/FA Ratio. Improving WC Cycle. +ve CF from Ops. ~Consistent RoE / ROCE/ RoA
Promoter Stake Constant.
Concerns:
Decline in FII Stake.
*This is an Opinion. Do your own research as well.*
*_Happy Investing_*🤓
*W* formation on Monthly basis.
Strong Bouceback from Tripple Support Zone.
Volume Traction picking up.Today Gap (DTF) Covered with sudden Kneejerk reaction.
RSI: 1H <D >W<M. Above 1H in Bullish zone.
EMAs: Widening Gaps amongst 50 /100 /200 levels on Monthly Basis.
_Respective Monthly Resistance levels as likely Targets._
3718 / 3937 / 4314 / 4817 / 5052 / 5382
*Trail SL with Upside*
*Book Profit as per Risk Appetite*
Improving Financials. Rising Revenue on Qtrly /Yrly basis. Consistent Profitability Margins. Growing TNW, Negligible Debt Improving To/FA Ratio. Improving WC Cycle. +ve CF from Ops. ~Consistent RoE / ROCE/ RoA
Promoter Stake Constant.
Concerns:
Decline in FII Stake.
*This is an Opinion. Do your own research as well.*
*_Happy Investing_*🤓
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.