raj3elite

ABCD Triangle formation on BPCL - LONG

Long
NSE:BPCL   BHARAT PETROL CORP
Technical Analysis:
RSI above 50.
MACD on bullish crossover and Histogram on above '0' line.
Stochastic on bullish but in overbought level, so may be take some time to make correction.
Price lying above the EMA 50 and EMA 5/20 bullish crossover.

Trade:
Buy above - 631
Target 1 - 637
Target 2 - 642
Stop Loss - 625


Reward Points - 11
Risk Points - 06

Comment: Trade not active - looking like stochastic correction and may be take time to active.
Comment: BPCL - approaching to buy level...
Trade active