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BPCL

BPCL: Support & Resistance and Moving Average Trade PotentialBPCL The stock has taken Support at previous reversal zone Now seems to be respecting 50 day EMA - 50 day EMA around 371 - 200 day EMA around 396 Breakout above 396 Target 440 odd levels Stop Loss Close below 358 Risk :: Reward ratio looks favorable to go Long. This is a Positional view and not an intra day trade suggestion Plan your trade accordingly...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:BPCLLong
by indiamarketoutlook