BPCL - STRONG AND POSITIVE (Descending Triangle Breakout)
It is been observed that the price action breaks out from a descending triangle on hourly chart, indicated further bullishness ahead. It is also important to note that the price action has broken and closed above the previous resistance levels of 684 which further confirms a further positive and strong move ahead irrespective of markets volatility.
Target: 705
Stoploss: 665
Risk Reward: 1:1
Target: 705
Stoploss: 665
Risk Reward: 1:1
Trade active
Recovering Fast from downsideTrade active
Closed in positive, up move expected in next trading session. RegardsTrade active
Trade closed: stop reached
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.