DSKF16
Long

IS BPCL REV. after Bullish CYPHER or Corrected as Bullish SHARK

NSE:BPCL   BHARAT PETROL CORP
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Is BPCL: @ 667.15 REVERSED after Bullish CYPHER or REVERSED after Corrected to form Bullish SHARK.
AS OF NOW "Bullish CYPHER", not Fulfilled all the Criteria, But Nearer.
Here is Criteria Comparison:
Bullish CYPHER (Colour GREEN)
B = 0.382-0.618 of XA, Here 0.548 Criteria Fulfilled.
C = 1.272-1.414 of AB, Here 1.234 Criteria Fulfilled.
* D = 1.618-2.618 of BC , Here 1.279 Not so Essential.
D = 0.786 of XA, Here 0.736
Point "D" should be 657.35 to Fulfill Criteria.
But the Question Arises:
EITHER REVERSED or Some More Correction to COMPLETE another HARMONIC Pattern "Bullish SHARK"
Here is Criteria Comparison to be "Bullish SHARK" & Projected REVERSAL Point.
Bullish SHARK (Colour Orange-Dark RED)
* B = 0.382-0.618 of XA, Here 0.402 Not so Essential.
C = 1.13-1.618 of AB, Here 1.234 Criteria Fulfilled.
D = 1.618-2.24 of BC , Here 1.279 Criteria NOT Fulfilled.
D = 0.886-1.13 of XA, Here 0.736 Criteria NOT Fulfilled.
IF Point "D" = 635.45, THEN
D = 1.618-2.24 of BC , Should be 1.618 Criteria Fulfilled.
D = 0.886-1.13 of XA, Should be 0.965 Criteria Fulfilled.
Who will Answer?
#1. Can Indicators have Answer?
#2. Can OPEC output Cut Decision Have Answer? (related to CRUDE Price)
& many more Factor.
Technical INDICATOR does not Show REVERSAL Just NOW.
Strategy: Accumulate Till @ 640 - 635 Level (as because High Probability to be a Bullish SHARK).

Swing / Short Term levels will be Updated later.

PS: If you like Ideas/Analysis, please Like/Share & keep motivated.
Disclaimer: Only For STUDY. For taking Trade Decision Consult Financial Advisor. Don't follow Strategy tester, as it might not work properly.


Jun 20
Trade active: LTP @ 655 (At 9.49 AM on 21/06/2017)
Criteria for Bullish CYPHER Fulfilled
Jun 21
Comment: Made a LOW @ 846.15 & Fulfilled Bullish SHARK.
More Accumulating Zone.
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