praveen.bhatiya

Pitchfork and 3 Drive on Top SHORT

Short
NSE:BPCL   BHARAT PETROL CORP
The stock has formed 3 Drive on Top pattern and we can see the similarity at distribution Zone at top 2 and 3. It is also touching the upper Median line thus giving a good entry for shorting the stock. Those who could afford the stop loss of 745 can short it now and expect a target of 650.
Comment: Trade did extremely well after initial tried by smart money to shake the confidence of weak traders.