On daily chart we have seen stock in the uptrend & forming the cup & handle pattern. Now long entry can be taken for the next level for 425. This stock may face the minor resist. level @ 403. After this stock can touch the level of 425. So add the stock in your watch list to see the price action movement.
Always do trading as per your Reward to Risk ratio means...
This is just for your pure educational & learning, After the long break out of channel we have taken the long entry at the level of 365 for the target level of 375. This can be taken for intraday & swing entry. our most members of day traders already booked at the level of 370 & others are waiting for the next level of 375. Simple price and action trade.
AFTER Q4 RESULTS OF BPCL POSTING NEARLY 1300 CR LOSS AND BEING STRAIGHT UP BY 5 TRADING SESSION ITS TIME TO TAKE A BREAK NOW. TODAY WE HAVE SEEN THE BIG RED CANDLE ON DAILY CHART CONFIRMING BULL LL NEEDS TO CALM DOWN FOR NEXT 2 3 TRADING SESSIONS .
BPCL FACES STRONG RESISTANCE NEAR 399-405 LEVELS
THERE ARE CHANCES OF GOING BACK TO 390 LEVELS TOMORROW BUT
BPCL took support from an important level i.e. (240-250) and now is shooting higher.
Positional traders can enter after 375 level is breached with stoploss of 300 and target (450/550)
As the major trend is bullish (once 375 level is breached) intraday players can look for various buy opportunities.