It is been observed that the price action breaks out from a descending triangle on hourly chart, indicated further bullishness ahead. It is also important to note that the price action has broken and closed above the previous resistance levels of 684 which further confirms a further positive and strong move ahead irrespective of markets volatility.
Target:...
The price action has finally breaks out from a long preceding Ascending Triangle on daily chart, that indicated weakness and a bearish reversal.
Target: 545
Stoploss: 600
In BPCL we got good chance to go long in the marked zone 575-580's. I hope the recent bullrun will continue and may gap up 2mrw bcos of the GST bill. If it comes in zone I will be taking some long positions.
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Happy Trading !!
