BPCL Long Call // Buy on dips

Call for Tuesday July 21st 2020 // This is a swing trade call and not an intra-day trade //


CMP / LTP: 437

IDEAL BUYING RANGE (If u don't want an aggressive trade, you can wait for a "possible" (not guaranteed)): 400 Around
One can also do a staggered buying (50% on LTP and balance 50% if the stock goes down further 2-3-5% range). This way the Risk Reward can be improved and profit can be maximized.

TARGET: 500-525+ (Min 15-20% & above) Trail the SL once this target is achieved. Suggested Exit is on 15% on CMP
STOP LOSS: 390-400 (11-12 % Max) around
DURATION: In 15-20 Trading Sessions Target should be achieved

Disclosure: I may or may not have a position in this trade. Please follow the Stop Losses strictly. All the recommendations are subject to market conditions. Please trade at your own risks.


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