KumarAbhilash
Short

bpcl- sell on rise

NSE:BPCL   BHARAT PETROL CORP
248 6 8
sell on rise with sl of 695 for target of 644 , 615, 600
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book part profit sl trail to 655
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Comment: target 2 achieved
Trade closed: target reached: 600 achieved in intraday
bounce may come from the zone of 642-48 till 680 zone than its a good sell as per option data
.bro kindly share ur number.
Reply
@sandy, we booked as i expect a bounce tommorow . wil sell below 663
Reply
good one bro..
Reply
It's good but I feel it's too late
I'm already short from 740 and booked on 672
I'm too confident the price will make up to 645/648 but need confirmation
Lets wait and see
Regards
Reply
@shiv2798, yes i missed to sell it at top as its very hard to take a decision at top for selling especially when trend is so strong , but yes at top it gave signal shooting star and then a confirmation next day .but anyways u cannot join every party.
sometimes i feel omcs are in bubble now and sooner or later this bubble is gonna burst reason is there is 4 companies ioc bpcl hpcl and oil , they have all the authorities to decide price and there is no competition in that so we might see pvt players entering in this field which may affect the sentiment . but anyways feelings aside we believe in trend and short term trend says sell .
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@shiv2798,
u must have shorted by seeing this
Reply
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