STC & BBC Update

 Looking at Bishal Bazaar Company Limited (BBC) and Salt Trading Corporation (STC).

STC entry 6280-6300. If it were to re-test 52 W high @ 8189 or close, that is around 30 %. For a 10L fund, even if it takes 3 months to get there, that is a monthly return of 10%.

BBC. Entry above 2850 , just to be sure, somewhat better probability.

If not can be entered in between 2730-2500 with stop Loss below 2400. This setup is somewhat with higher risk than the previous one.

These two analyses are based on Trading Sub-Index indicating further higher move. As overall NEPSE is pushing 2100 level once again with somewhat better result than of the previous testing. A convincing close above 2100 level will tell a whole different story.

#tradewithramesh #nepalstock #sharemarket #sharebazaar #NEPSE

Please note that due to market volatility, some of the above sight prices may have already been reached and scenarios played out. Trade in your own discretion.