BPCL on short term looks like it is getting over stretched
it is near important resistances as shown.
trendline resistance and .718 retracement from its life highs.
20 dma is way far away. upside will be capped.
will be a good short fot october series.
it is near important resistances as shown.
trendline resistance and .718 retracement from its life highs.
20 dma is way far away. upside will be capped.
will be a good short fot october series.
Comment:
rejected at 71.8% retracement.. can be shorted on rise with SL at 484
Trade closed: stop reached:
SL hit due to news based move.