BPCL - LONGTERM - ELLIOT WAVE ANALYSIS
It has formed classic elliot abcde triangle. Ready for upside move.
To clarify the stoploss points:
You can see 2 stoplosses as well as targets.
Place your stoploss at (stoploss 1 : 297/-) if you are taking an entry now.
After the price breaks the upper trendline and comes for a retest, then stoploss can be moved to (stoploss 2 : 331/-)
These cases happens only for triangles. So invest wisely.
-Definitely not a SEBI registered. So, this is only for educational purpose.
To clarify the stoploss points:
You can see 2 stoplosses as well as targets.
Place your stoploss at (stoploss 1 : 297/-) if you are taking an entry now.
After the price breaks the upper trendline and comes for a retest, then stoploss can be moved to (stoploss 2 : 331/-)
These cases happens only for triangles. So invest wisely.
-Definitely not a SEBI registered. So, this is only for educational purpose.
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.
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.