NeeteshJain

BPCL - STRONG AND POSITIVE (Descending Triangle Breakout)

Long
NSE:BPCL   BHARAT PETROL CORP
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
Trade active: Recovering Fast from downside
Trade active: Closed in positive, up move expected in next trading session. Regards
Trade active
Trade closed: stop reached