BPCL has showed a good profit result, along with it the Day time chart is in the accumulation process for over One and Half year's now, and it formed a Ascending Triangle Pattern. Once it breaks the pattern it's going to shoot up.
Enter after the 16th of September 2021, as it is the ex-date (Rs.58/- Dividend), for conservative entry. For aggressive entry enter the Day candle closes above the 500.
1st Target will be at 540, because of the strong resistance, which is also the all time high.
2nd Target will be 700.
Enter after the 16th of September 2021, as it is the ex-date (Rs.58/- Dividend), for conservative entry. For aggressive entry enter the Day candle closes above the 500.
1st Target will be at 540, because of the strong resistance, which is also the all time high.
2nd Target will be 700.
Trade closed: stop reached