Ruzbeh

BPCL to be considered for long position if todays high is broken

Long
Ruzbeh Updated   
NSE:BPCL   BHARAT PETROL CORP
BPCL on daily is forming bottom with a morning star candle stick pattern followed now with a bullish harami candle stick pattern!! If tomorrow price breaks above todays high with volumes and sustains on lower time frames, then it is an indication that price will continue for 455-450 as first target!! Stop should be below the recent low of 400!! CCI 100 has also given good positive divergence!! If CCI break tomorrow above the falling trendline marked on CCI overlay then momentum can drive price to 455-460
Trade closed: target reached: 455 reached

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