ashishhc

BPCL bullish trend continue

Long
ashishhc Updated   
NSE:BPCL   BHARAT PETROL CORP
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.

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

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Good pre-open at 600
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day closing 600 is bullish only.
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Would wait for one more day closing above 611. It can shoot upto 630 very soon.

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

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Still holding 600 levels.

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Again bullish above 600

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Again stuck under the pattern.

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Trade going good.

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taking support at 600 levels. which is still bullish.
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Inverted H&S pattern. Target is big.

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Target4. 666 done.
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Above 612 it will be again ready for upmove swing.
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