BPCL is trading in over-reaction area.

The following factors are -ve.

  • Price is too far from 20 M.A.
  • Tail found at the area of over-reaction.
  • Wave(5) is so close.
  • The price is out of trade channel area.
Professional and smart money investors whatever you called them such as Speculators, Arbitrageurs, Fund managers, insiders, etc. are already entered near the wave (4). Focus on their profit booking for short this stock.

Logically, best short price 466 nearby for maintaining good risk and reward as a protective stop above 474 above. Thinking about everything is exactly what target is targeted 438 and 400 below.
Sep 26
Trade active: Selling BPCL future oct. 482-486 and stoploss 490 above and targets 462-432
Oct 04
Comment: What is your problem if I work for someone...?
what about next?
meanwhile no one noticed to update SL hit
+2 Reply
Comment section is lit 💣💥
bearish harami as simple as that
+2 Reply
@Kinnari_Prajapati pls mention here that your chart is published on Moneymunch.

@mklives as per her she has given this research to Moneymunch.. what do u think or say....
+2 Reply
mklives atrehan
@atrehan, haha.. she gave to money munch? why will a someone running a website of analysis take her chart unless she runs it..
check when they publish it and when she does it on here..
atrehan mklives
@mklives, as per their site, they pay for research given to them. But ur statement carries weight. Better @Kinnari_Prajapati teel the truth in this discussion here..
+3 Reply
mklives atrehan
@atrehan, she wont reply
@mklives, Yeah I started work for moneymunch. @mklives already know this but i dont know is his problem?
One needs brain even to copy. The wave counts are wrong, these re not correct wave counts.
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