Saturday, September 2, 2017

BPPL - Watch the next accumulation

BPPL - is a young starter in the bourse but looks a bloke with a bright future. The counter rallied roughly for about a month and a half giving a return of 33%. This rally brought in many investors helping the typical accumulation to take place. Thereafter it went into a consolidation with volumes seen in a distribution phase. The next rally will surely happen as and when we see some increased volumes. Present support is at 14.50, anything below will be a bargain for investors. Traders need to watch the volumes, to initiate an entry. Watch!!!


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