BPCL: Is this the Beginning of New Impulse (Long term Strategy)
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what we see here is on monthly chart stock has completed ABC correction and the new impulse in the direction of the previous impulse wave has started. As of today , the stock is making internal wave 4 of wave one of the new impulse.
Short term investors can go long after completion on internal wave 4 of new impulse on daily time frame Long term investors can go long after the completion of wave 2 of new impulse.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.