mindzap

Bounce for BPCL

Long
NSE:BPCL   BHARAT PETROL CORP
After the recent news flow there was a sell off in this counter. However, that was a sector wise sell off. The open interest data suggest that majority in the market are positive on this counter and here is the snapshot - https://www.screencast.com/t/584k8kY8Xhz... Expecting the reversal to hold and go back to the previous highs.

Immediate target 700 and stop at 600
Trade closed: stop reached: Exited early, wrong pick