BPCL: Analysis

Keep an eye on BPCL it is on its verge of breakout. As you can see their is a formation of triangular pattern which is consolidation for few days not level is shrinking to the verge of breakout.

Trade active:

Retracement Possible. Entered at the breakout level. Best entry level

Trade active:

Possible Retracement in progress.

Trade active:

Possible Parallel channel breakout as per levels mentioned in the above chart (Black range) in the upcoming few days. Keep an eye on this.

Trade closed: stop reached:

SL hit @ 405.25