BPCL has beautifully respected its uptrend after taking support from a long term trendline and 50EMA during the pullback after successfully creating a head and shoulders as updated on my previous analysis of BPCL.
i think now it has brks the trendline and making bearish engulfing on 2nd sep... and guess it has closed below 50ema... i think worth reversing the position.. my guess is it can come to 300 by this month end.. lets wait and watch..
Krish_Kohal
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@stocklearnersl, yes u are correct about the trade not to be taken as a bearish engulfing was formed leaving this trade null.