Will BPCL change the trend by breaking the falling wedge?
BPCL had broken the uptrend channel and started correcting the previous move.
It has made a falling wedge, which is on the level of 61.8%.
Price will reach 401 and may face minor resistance. But If the price gives a strong close above 401.2, we can see the following targets: 415-439-456-469 and more.
If the price doesn't make a higher low and breaks 357, it will make a down move of about 340.
Traders can wait for a pullback, and they can enter after the breakout of 401.2.
It has made a falling wedge, which is on the level of 61.8%.
Price will reach 401 and may face minor resistance. But If the price gives a strong close above 401.2, we can see the following targets: 415-439-456-469 and more.
If the price doesn't make a higher low and breaks 357, it will make a down move of about 340.
Traders can wait for a pullback, and they can enter after the breakout of 401.2.
Note
BPCL reached 401.Note
Watch Breakout: BPCL reached 401.Note
Failed
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