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BPCL 1H AND 4H TREND ANALYSIS

NSE:BPCL   BHARAT PETROL CORP
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LEVELS MENTIONED IN CHART.
GOOD R:R RATIO
1.BREAKOUT ABOVE TRENDLINE
2.CLEAR UPTREND IN FORMATION.
3.ENTRY,TARGET AND SL BASED IN FIBONACCI LEVELS.
Comment: T1 HIT
TRAIL SL AT T1
Comment: T2 ACHIEVED.
Comment: THREE WHITE SOLDIERS FORMATION SHOWS BULL ARE STILL STRONG. PRICE MAY HIT 375 LEVELS. RISK TAKERS CAN LOOK FOR CONFIRMATION ON NEXT DAY AND THEN CLOSE TRADE ACCORDINGLY.
Comment: TRAIL SL AT T2
Comment: CLOSE TRADE AT 366. NO NEED TO TAKE RISK AS GOT GOOD RETURNS.
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