Potential H&S Pattern in BPCL

Nov 25, 2019

Short below 500 until the gaps are filled at 472

Please note that the view is from a learner.

Nov 26, 2019

Trade active

Sell on Rise until 472 is reached. Wait for pull back to the H&S trendline for fresh short.

Nov 27, 2019

Order cancelled

Broken the trendline, short is no longer valid

Nov 28, 2019

Note

Keep close watch for price to pull back from 510 to 505 and enter long with 6 point stop loss and target T1 = 20 point (525) and T2 = 29 point (534).