BPCL has broken the weekly trendline (white colored line) and also retested it on last friday.
BPCL has yet to break the green trendline , which would confirm the bullish flag pattern and shift BPCL's momentum towards bullish .
BPCL has used the orange line, which was previously a resistance, as a support and is ready to bounce up.
Target 500 with SL at 460
BPCL has yet to break the green trendline , which would confirm the bullish flag pattern and shift BPCL's momentum towards bullish .
BPCL has used the orange line, which was previously a resistance, as a support and is ready to bounce up.
Target 500 with SL at 460
Trade active:
SL reached, but the trade is still active. Buy at CMP for target of 500
Trade closed: stop reached:
Close the trade and follow my new analysis