Symmetrical Triangle on BPCL.
The stock has formed a symmetrical triangle pattern and seems to be on the verge of a breakout.
Interestingly, the stock also has two trendline resistances as shown in the chart. Swing traders can buy above 404 with an SL below 377 for targets of 439 & 470.
Positional traders can look for a breakout from the second resistance line above 440 and the targets would be 543 & 622.
For more trade setups, please like and follow.
Interestingly, the stock also has two trendline resistances as shown in the chart. Swing traders can buy above 404 with an SL below 377 for targets of 439 & 470.
Positional traders can look for a breakout from the second resistance line above 440 and the targets would be 543 & 622.
For more trade setups, please like and follow.
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