NSE:BPCL BPCL looks weak below 368 as long as 376 SL intact 360/350 possible ?
crude oil prices are heavily falling in past 3 - 4 weeks. we can see good quarterly results in oil-based industries. it will also affect petrochemicals prices. so take a watch on companies which are in this sector, or having petrochemicals as a raw material.
oil price is dropping quickly. oil companies stock prices will react positively....
Enter Long in BPCL above 377 Target - 381, 389, 401 & 417 Sl- 364 *Recommended for positional trade/mid term.
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It is been observed on Daily chart that the price action is forming a harmonic ratio pattern called Bullish Shark Pattern. Now, I have shown two scenarios of the same chart where we can see retracement as per the chart measurments and pattern. Retracement 1 (88.6%) - can been seen near 640 levels and Retracement 2 (1.13%) can be seen at 615 levels. It is for...