BPCL
BULLISH REVERSAL PATTERN IN BPCL ..... WATCH OUT FOR THE BULLS!!NSE:BPCL Stock was one of the top gainers in pre-market.
The Price on daily chart has formed morning star candlestick pattern which is a bullish reversal candle and it has also formed a falling wedge pattern which is a bullish reversal pattern. we can expect spikes in buying volume in the the share price of BPCL.
**for study purpose only**
BPCL buy 345-355 | Stop 330 | Target 380-400BPCL is back to retest it's trendline breakout levels. There is cloud support at 345Levels along with new bottom trendline support. Hence 345-355 looks like an excellent buying zone. One can go long in BPCL @ 345-355 levels with stop of 330 and target of 380-400++.
(Safe traders can keep a tight stop of 340 and can book partial profits @ 370 levels.)






















