Long BPCL for 10% upside - 05/12/22

Dec 4, 2022

Long BPCL for a minimum of 10% upside.
Target: 375
Stop loss: Dynamic

Dec 4, 2022

Trade active

Buy at Monday's open. Target 10% from execution. Dynamic real-time stop loss. Cheers!

Dec 6, 2022

Note

Hold. Prices are retesting.

Dec 15, 2022

Note

UPDATE: 3% (351) up. Trade remains intact. Patience is the secret ingredient.

Dec 30, 2022

Note

Retesting trendline breakout. Held fairly in the recent market-wide correction. Trade looks fine.

Jan 24, 2023

Note

Close BPCL at 349 early because the Union Budget is close.
Profit of just 2.9% in 55 days versus a target of 10% in 120 days.
However, we did fantastic on the other position of BALKRISHNA INDUSTRIES which achieved the 10% target.
New idea: SUNTECK (it's in my profile, check it out)

Jan 24, 2023

Trade closed: target reached

Profit of 2.9% vs original target of 10%.