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