BPCL Bullish Breakout BUY!

Attached: Daily Chart as of 17th March, 2023

- Price shot up a whooping 6.24% on 16th March (Thursday) and also held the Gains closing Higher on Friday
- Overall giving a Strong Weekly Breakout Candle closing above the 350 key level
- 315 level or the 0.618 Fib retracement held out perfectly as a support🙏

Indicator Signals:
- MACD crossed above 0 line ✅
- RSI crossed above 70 ✅
- DMI gave Buy signal ✅
- ADX is above 25 ✅

- An Inverse Head & Shoulder Pattern is currently active given the Breakout Candle📈

Upside Potential:
A Short Term Target 🎯 of ~ 400 is now Open
Stop Loss for the same is < 325

Siddharth Bhansali

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