BPCL long term and shot term view
Updated
As per Elliot's wave, the E wave of a triangle has been completed.
an impulse wave is forming of which 1st segment of the 5th wave is in progress.
c wave of 1st of 5th wave is forming ...so can take a short position up to 350...
then there is a massive move up as 5th wave can be the extended one.
an impulse wave is forming of which 1st segment of the 5th wave is in progress.
c wave of 1st of 5th wave is forming ...so can take a short position up to 350...
then there is a massive move up as 5th wave can be the extended one.
Note
looks like wave 2 has been completed and wave 3rd is in progress..
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