BPCL Multi-Month Resistance - Breakout expected

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!!
Comment: BPCL opened higher and came back into the no trading zone. Will try to take trade if BPCL breaks 482 levels and sustain their.
Trade active: Bought 30% qty @ 477
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

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.