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pav_technicals
Nov 1, 2020 7:53 AM

Long BPCL Long

BHARAT PETROL CORPNSE

Description

Higher Low formation
price sustained above downtrend trendline
Pennant pattern breakout with huge volume
RSI Divergence on 4 hours chart

Buy above 365
Target 400/430
SL 335

Trade closed: target reached

Comments
Mano1956
it seems friday double top formation taking place . So Monday opening will be downward from it's closing to some extent. Let us find( after downward) where it takes u turn then should only be a buy.Right?
pav_technicals
@Mano1956, to me it's looking bullish. Let's see what Monday brings for us..
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