Potential Demand formed and hence we have a 1:3 Buy Trade;
Option traders can Buy BPCL 380 CE for NOV Expiry with a TGT is Rs 11.39
"Make sure to Buy the Call only when the Price comes in the Demand drawn in the chart"
Happy Trading fellas
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...
Note: This is for educational purpose only.
There is a bullish breakout after build up near resistance. However, as RSI is above 70, there might be some consolidation for few days or a pullback for a further rally.