BPCL: At resistance
Updated
BPCL
In our previous coverage on BPCL when the price was at 272 we had given a view that chart set up suggests upside movement towards 306 / 332
At current levels the stock has resistance at 366 / 385 odd levels
One may consider selling BPCL 380 Call option
between 10-12
The strategy has in built protection against loss for a rise up to 390-392 in Cash market price
Take care & safe trading...!!!
In our previous coverage on BPCL when the price was at 272 we had given a view that chart set up suggests upside movement towards 306 / 332
At current levels the stock has resistance at 366 / 385 odd levels
One may consider selling BPCL 380 Call option
between 10-12
The strategy has in built protection against loss for a rise up to 390-392 in Cash market price
Take care & safe trading...!!!
Note
BPCL strategy updateSuggested selling 380 call between 10-12 on 20 April (price was 11.10 when recommended)
CMP 5.25
Generating Profit of Rs 10530/- so far
Consider booking profits as per risk appetite
Happy trading!1!!
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