AkhilSuryaFS

BPCL | Rising Wedge

NSE:BPCL   BHARAT PETROL CORP
Rising Wedge pattern observed in BPCL . Pattern looks to have confirmed suggesting a bearish outlook. Target depth of wedge is around 128 points. With confirmation of pattern occurring at 364, Target of the pattern comes in at 236.


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Comments

Don't you think it look more like a channel, correct me if i am wrong .
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Do you think this much?
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AkhilSuryaFS saran_varthagan
@saran_varthagan, Of course the target looks too deep. But we have put out what the pattern suggests.
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saran_varthagan AkhilSuryaFS
@AkhilSuryaFS, Can you post your idea or can you confirm that IOC also similar?
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