bchandaria

BPCL on edge of 52 weeks - ABCD Pattern with lower support trend

Short
NSE:BPCL   BHARAT PETROL CORP
as we can see there is a clear abcd pattern where price is ranging within that. there is no breakout seen. infact we see a lower support breakdown to occur and with targeting new 52 week lows.

Trade must be taken after the breakout of lower support.

there might 1 : 8 profit sharing ratio.

stay tunned ...
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