Sagar_P
Long

BPCL...HIGH RISK TRADE

NSE:BPCL   BHARAT PETROL CORP
69 0 2
BPCL             SAW A CONTINUOUS FALL, TODAY FINALLY IT BOUNCED FROM ITS LONG TERM SUPPORT. EVEN VOLUMES SUPPORTED THE MOVE. SO I BELIEVE A TECHNICAL BOUNCE IS ON THE CARDS AND WE CAN EXPECT AT LEAST 38% RETRACE, ALL THE TECHNICAL INDICATORS ARE OVERSOLD.

TRADE DETAILS
STRICT STOPLOSS OF 598
1ST TARGET 23% RETRACE
2ND TARGET 38% RETRACE.

GUYS ITS A HIGH RISK TRADE
Trade active: A GOOD SHOW BY BPCL TODAY, THE MOVE CONFIRMS THE SHORT TERM EXPECTED UPRISE. HOLD ON TO THE TRADE.
Trade active: target 1 reached, offload half the position trail the rest with 620 sl
Trade closed: target reached: TARGET 2 REACHED...CALL CLOSED.
Comment: TOTAL POINTS GAINED : 54
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