BPCL had an event today, where the dividend was issued. The dividend was 58 per share.
However, the stock price fell so much as 10% in a single day, and that too in pre-market minutes.
There will be a long unwinding as a consequence. If the price manages to stay below 445, it could come down to the demand zone which is also a PRZ of XABCD bearish shark pattern.
The levels are mentioned on the chart.
If the price rises past the 481 level, then the previous idea which I had published may work.
Happy trading :)
This is just for educational purposes.
However, the stock price fell so much as 10% in a single day, and that too in pre-market minutes.
There will be a long unwinding as a consequence. If the price manages to stay below 445, it could come down to the demand zone which is also a PRZ of XABCD bearish shark pattern.
The levels are mentioned on the chart.
If the price rises past the 481 level, then the previous idea which I had published may work.
Happy trading :)
This is just for educational purposes.
Trade active:
going successfully, keep trailing
