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Niftymovers

BPCL @ 61.8% of Fibonacci support. Waiting for green candle

Long
BHARAT PETROL CORP (NSE:BPCL)  
Niftymovers  
NSE:BPCL   BHARAT PETROL CORP
Fibonacci AB=CD BPCL petrol
2
0
fibonacci abcdpattern bpcl petrol
BPCL Daily chart. C wave seems to be touching 61.8% Retrace of Fibo. If green candle at this level & stock crosses above 530 on daily candle closing basis it may touch 580 by December 10. Stop below C level = 490. Go long only if long bullish candle at this level. If C level breaks, Trade level becomes invalidated. (bcz 78.6% retrace is not trustworthy) ..
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