BPCL bullish trend continue

Mar 27

BPCL long term trend is looking bullish. Fibo between the golden retracement plus it has rejected & reversed the head & shoulder pattern along with macd crossover. Above the 100 200 EMA. Cant ignore this price action, 15% upside clearly visible in 4-6 weeks time.

Follow the below levels.
Target1 611
Target2 628
Target3 647
Target4 666
Target5 688
Target6 700

Fibo extension bonus levels predicted upto 750 levels

Day closing below 585 will give selling pressure. Otherwise bullish trend only.

Keep this in mind. Options is a dangerous instrument to play. Please do not go wild on anything unless you know exactly what you doing. And market can always prove me wrong and i take that rights too. Experience traders also fail in this market. Only risk management will give you an edge. Don’t take any trades without SL. Respect the market, Ungli nahi katoge to pura hath katna padega. Beware.

DISCLAIMER: I AM NOT SEBI REGISTERED ANALYST. ALL POSTS ARE EDUCATIONAL PURPOSES.NON ADVISORY, DISCRETIONAL NO CLAIMS, RIGHTS RESERVED. I AM NOT RESPONSIBLE FOR YOUR PROFIT OR LOSS.

Mar 27

Note

Forgot to mention this. Price recovered with W pattern below in 1hr timeframe.

Mar 28

Note

Good pre-open at 600

Mar 28

Note

day closing 600 is bullish only.

Mar 29

Note

Would wait for one more day closing above 611. It can shoot upto 630 very soon.

Apr 1

Note

If it breaks this triangle. Big targets will be open.

Apr 1

Note

Still holding 600 levels.

Apr 16

Note

Again bullish above 600

Apr 18

Note

Apr 24

Note

Again stuck under the pattern.

Apr 26

Note

May 2

Note

Trade going good.

May 12

Note

taking support at 600 levels. which is still bullish.

May 27

Note

Inverted H&S pattern. Target is big.

Jun 3

Note

Target4. 666 done.

Jun 12

Note

Above 612 it will be again ready for upmove swing.

Jun 25

Note

Due to split it's bit under pressure now. But soon it will be over.

Jul 13

Trade closed manually

I have to add new analysis now due to split the price has changed.