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AkhilSuryaFS
Jul 11, 2019 9:21 AM

BPCL | Rising Wedge 

BHARAT PETROL CORPNSE

Description

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