NSE:BPCL
Observations:
1) On Weekly Time frame, It game rounding bottom breakout and then in last week it made hanging man candle.
This Hanging man candle will be a sign of bearish move if the stock fails to trade above and close above the high of this hanging man pattern.
From the chart we can see that for next bullish move it has to break and trade above...
Note: This is for educational purpose only. Please do not trade in F&O based on this.
There seems to be a bullish hammer at support of ascending triangle. Moreover, RSI is above 50 which indicates mildly bullish.
Buy above high of the current candle.
SL: ₹ 419
