BPCL - Inverted Head and Shoulder Pattern
Updated
There is a clear inverted Head and Shoulder Pattern (Bullish) Formed on the Daily Chart of BPCL
There is also a Golden Crossover (When 50MA move above 200 MA)
It's best to wait for a pullback and buy in the range of 330 -335
Targets can be booked in the range of 390 - 400
Stop loss @ 300
Risk to reward 1:2
Trade according to your risk appetite.
There is also a Golden Crossover (When 50MA move above 200 MA)
It's best to wait for a pullback and buy in the range of 330 -335
Targets can be booked in the range of 390 - 400
Stop loss @ 300
Risk to reward 1:2
Trade according to your risk appetite.
Note
People can book part profit at this level around 372 and continue to trail with stop loss at 350Note
Booked full profit
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