BPCL is forming a beautiful Inverted head and shoulders pattern at its low and with its earnings coming up on 12th august, it makes a strong long contender.
It takes support on the 50EMA and a break above the neckline on above average volume initiates the trade with long targets of
T1 at 371.20 and T2 at 394.45
Risk To Reward od 1:2
Stop loss below the 50EMA
High Volume cues and favourable risk to reward
Keep It Simple
It takes support on the 50EMA and a break above the neckline on above average volume initiates the trade with long targets of
T1 at 371.20 and T2 at 394.45
Risk To Reward od 1:2
Stop loss below the 50EMA
High Volume cues and favourable risk to reward
Keep It Simple