Piscean17th

BPL looking good for an upside of 43% from CMP

Long
BPL (NSE:BPL)  
NSE:BPL   BPL
Hi Everyone,

BPL looks for an upside.It needs to sustain above 43.5. Next target which looks evident from here is 61.60 a whooping 42.66% returns as it forming a big round bottom on the weekly chart.

Trade Plan
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CMP - 41.95

Entry : 43.5
Stop Loss : 35.95
Target : 61.60


Risk : 7.85 / 21.94%
Reward : 18.5 / 42.66%
R:R = 1: 2.35

RSI also giving strength

HOURLY : 67.80
DAILY : 62.17
WEEKLY : 72.44


Disclaimer : I am not SEBI registered analyst, this is for educational purposes.
Please trade as per your risk and do consult with your financial advisor before taking any trading decisions.

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Trade closed: stop reached: Stop Loss Triggered. Trade Closed