A similar pattern is forming at tops which we saw in March and stock gave almost 20% fall from 480 zones.
One can take the sell trade if stocks sustain below 465 for a marked target until 490 is intact on the upside.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
🍂BPCL again😋🍂
🍁our second entry in BPCL
First entry @380, trgt 480 done.
🍂🍂 buy@ 410-18 range
trgt 480-550
long 700-800-1000+(long target based on growth) 🍂🍂
✔expecting good upmovemnt in the stock
✔respecting symmetrical triangle & ascending triangle
✔trend reversed @ weekly support area
Short BPCL after the BD of TL marked below the level of 425 TGT 400-395 with strict SL of 435 with 1: 5 Risk to reward ratio. Stock is expected to BD the support level very soon. RSI is also going below the level of 40 sign of bearish. This is for your educational purpose
I shared the buy idea on breakout a few days back which did well and now stock showing some weakness in the daily time frame. Sell only if sustains below 411 for the targets of 406, 402, and 396 until 416 is saved on the upside.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
I hope you can now see how BPCL represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the...
BPCl had broken the upward sloping trendline & if it breaks below support of 307.25, we can expect target of 292 & lower in comming days.
BPCL: Sell below 307.25 for a target of 292 & Sl of 324
