Simple Trade Setup | BPCL | 17-01-2022 [INTRADAY]NSE:BPCL
Observations:
1) On 1 day time frame, we can see that after giving closing above 50DMA on Thursday , it made bullish candle above 50DMA on Friday.
And now it is near the breakout range of 400 level.
Breakout 400 will lead it to easy 405 level. And breakout of 405 level will make it bullish.
Major breakout level is 410 level. One who want to be in safe trade can only go long on sustainable breakout of 410 level.
But please note that it is still trading below 200DMA.
Please
