KVY

Potential H&S Pattern in BPCL

Short
KVY Updated   
NSE:BPCL   BHARAT PETROL CORP
Short below 500 until the gaps are filled at 472

Please note that the view is from a learner.
Trade active:
Sell on Rise until 472 is reached. Wait for pull back to the H&S trendline for fresh short.
Order cancelled:
Broken the trendline, short is no longer valid
Comment:
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).
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