Bravetotrade
Long

BPCL: Breakout Failure Entry

NSE:BPCL   BHARAT PETROL CORP
We dun know yet that whether this course of action will be followed or not but If and when the price breaks out of the channel, below the the moving average, one can look for an aggressive entry at the first bullish sign in the anticipation of a breakdown failure. The trade is riskier but that's the beauty of this trade.

Or else if the price breaks on the upside first, beyond 665, that would be a different type of trade.

Hit like if you think this information is useful.
Trade safe, stay healthy.

Best Regards
Afraidtotrade
Jul 06
Comment: Setup negated. Post closed.
Jul 10
Comment: Although we could not trade, it did what it had to.
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