intraday call for tomorrow, buy above 443, to the target of 446 448 457, final target with the stop loss of 435
443 become important level, as on 26 it was the resistance and price reversed to 424 and astonishingly on 28 thprice was recovered to the level of 436 and on 1st march price opened at 430 and penetrated to the level of 445.5 in an first hour of trade and later in the slkday price consolidated near te pivot point of 440 and to close at 441. and bpcl was one among the top ten gainers on march 1st. if it successfully overcomes this resistance it may touch the first milestone of 448. so 440 is the key level to watch out. even if it opens low and trades above first 30 minutes price can be pushed forward,
weekly chart is in correction, this pull back if in case to 45u7 may act as resistance.
443 become important level, as on 26 it was the resistance and price reversed to 424 and astonishingly on 28 thprice was recovered to the level of 436 and on 1st march price opened at 430 and penetrated to the level of 445.5 in an first hour of trade and later in the slkday price consolidated near te pivot point of 440 and to close at 441. and bpcl was one among the top ten gainers on march 1st. if it successfully overcomes this resistance it may touch the first milestone of 448. so 440 is the key level to watch out. even if it opens low and trades above first 30 minutes price can be pushed forward,
weekly chart is in correction, this pull back if in case to 45u7 may act as resistance.
Comment:
Comment:
15 minutes chart price has crossed R3 level and facing resistance at 443 , so even though on hrly chart it is above th pivot , holding pivot is very important to proceed furthur. i am posting this as an anlysis for intraday trade.
Comment:
SO as expected it face resistance at 443 to correct to the level of 434. 424 is imp. but as kwe see on weekly chart price action suggests going forward in coming weeks it may touch 395
Trade closed: target reached
Comment:
watch out for the resistan e of 457 , if it resists, it may reverse