BPCL WEEKLY/MONTHLY ANALYSIS
Updated
In Weekly TF, BPCL is at Crucial Support and formed Reversal Pattern.
Even in Monthly TF, it is forming beautiful Price Action.
https://www.tradingview.com/x/WHvOGd5e/
I would be going long if the daily TF candle sustains Above 350.
For Swing trading, My Stoploss would be below recent Support turned Resistance i.e Below 330 AND Target would be between 385-400. Matching my 1:2 RR.
For Positional Trading, My Stoploss would be below the Support trendline i.e Below 300 AND Target would be between 460-480.
https://www.tradingview.com/x/LFMs8ugs/
Even in Monthly TF, it is forming beautiful Price Action.
https://www.tradingview.com/x/WHvOGd5e/
I would be going long if the daily TF candle sustains Above 350.
For Swing trading, My Stoploss would be below recent Support turned Resistance i.e Below 330 AND Target would be between 385-400. Matching my 1:2 RR.
For Positional Trading, My Stoploss would be below the Support trendline i.e Below 300 AND Target would be between 460-480.
https://www.tradingview.com/x/LFMs8ugs/
Trade active
Entered for Swing trade above 250
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.