MohitArora

BPCL Trend Analysis & Trade Setup !

Short
BSE:BPCL   BHARAT PETROLEUM CORPORATION L
TREND ANALYSIS & TRADE SETUP !
WAVE ANALYSIS !!
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
Wait for ENTRY CONFIRMATION !
Risk:Reward: 8-10 times.

Regards @MohitArora
Trade active
Trade closed: stop reached

Comments

Hi Mohit,

So are you saying the stock will come down (before ex-dividend date) and then it will bounce back (before ex-dividend date)??
Confused!!

Can you elaborate in detail about your analysis please?

Thanks
Knight Kumar
Reply
MohitArora Knight_Kumar
@Knight_Kumar,
Ultimate Trend is Up where BPCL may give 25-30% upside target.
But currently it has one pending downside correction as per price action and wave theory.
Hence My main trade is long once it shown some correction.
Reply
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