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intelligence7
Dec 11, 2022 12:52 PM

BPCL : SWING ANALYSIS  Short

BHARAT PETROL CORPNSE

Description

BPCL : As per the analysis drawn, it seems that the short is triggered and that the bullish strength should now start to wane.
This should lead to a move towards the sell side, which will eventually come into play.

The short-term trend seems to be in favour of the bears and a sell around 340-342 with a stop loss near 347 looks like a good idea for a potential sell side target around 330-327. The market has been volatile lately and this trade setup should be watched closely.

This analysis is only for the educational purpose and should not be considered as a recommendation. There are many different factors to consider when making investment decisions, and this post does not take into account all of those factors. This post is not intended to be investment advice, and you should always consult with a financial advisor before making any investment decisions.
Comments
singhbeh2022
Trade seems to be failed
intelligence7
@singhbeh2022, Yes came down to 334 around but set up failed in second half after it rallied
AMIT-RAJAN
Good one
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