BPCL is making a lower low with a lower high. The simple logic is going to trigger a possible short position in the upcoming days. My bet is on BPCL Jan 320 PE on 5.5 CMP.
I do not think so. BPCL took support at 292 - 295 and moved up. This is the first time since Oct, the 21EMA has crossed the 100EMA. This stock looks bullish from the pattern it has created recently.