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BPCL Breaking out Ascending Triangle (Strong Bearish Signal)
BHARAT PETROLEUM CORP LTD
Short
BPCL Breaking out Ascending Triangle (Strong Bearish Signal)
By NeeteshJain
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Sep 12, 2016
5
6
6
Sep 12, 2016
The price action has finally breaks out from a long preceding Ascending Triangle on daily chart, that indicated weakness and a bearish reversal.
Target: 545
Stoploss: 600
Ascending Triangle
BPCL
breakout
NIFTY
Triangle
NeeteshJain
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