BPCL has made a AscendingTriangle breakout in daily scale. Post breakout it completed BO retest. Copy book target for the pattern is 545 which is 25% away from neckline 433. Its a very good positional #Investment candidate upon this pullback. Monthly RSIStairs also broke out above 55. ADX rising and above 22 indicating momentum in bulls favor. Hedgers may think of hedging it. Breakout above 481 it will gain further momentum.
For queries, suggestions, access requests you can reach out to me using below social media handles.
EMail_ID:- support@tradersvenue.com
Telegram: t.me/TradersVenue
Twitter: twitter.com/PB_Fin
YouTube: www.youtube.com/channel
EMail_ID:- support@tradersvenue.com
Telegram: t.me/TradersVenue
Twitter: twitter.com/PB_Fin
YouTube: www.youtube.com/channel
All these trade picks are selected using technical analysis and price action (VSA MomentumInvest Trading Setup) and for my own trading purpose only. Technical indicators are lagging and may generate false buy/sell signals. Market is supreme and my views may go horribly wrong. Please don't consider these trade ideas as trading recommendations. You may consider it for learning or at max use it for paper trading. Strictly avoid it for trading using real money. I am not responsible for any kind of profit and losses arising out of the above calls. Stock market trading and investment is subject to market risks. Contact your financial advisor before taking trades (or trade at your own risk).