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**
NR4/Inside bar pattern emerging. Prices taking support close to 20 period VWMA. Prices may make a good rally today/ tomorrow if the level of 385.60 is taken out. Stop 379.80. The really can extend to 396 level overall.
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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