BPCL Multi-Month Resistance - Breakout expected

May 26, 2021

Multi-Months breakout (465-480) expected in coming days. BPCL Also announced a huge dividend and a results with good Net Profit. Buy when the resistance in the chart breaks with a strict stop-loss if the breakout fails. Targets are mentioned on the chart but sell if a trend reversal is seen before 'target2'. Good luck!!

May 27, 2021

Note

BPCL opened higher and came back into the no trading zone. Will try to take trade if BPCL breaks 482 levels and sustain their.

May 28, 2021

Trade active

Bought 30% qty @ 477

May 28, 2021

Trade active

BPCL came down 472 and made a downtrend channel, this can also be a 61.8% retracement. If 471 levels are broken to the down side, i will wait for a trend reversal sign to buy more quantity