I think it is the right to buy this stock. SL will be 395. Target is around 440 and 480-485.
RESISTANCE: 420-430 SUPPORT: 408 BUY/SELL ON FORMATION
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...
*Educational purpose overall market is in bullish mode so , better avoid bearish trade in bpcl if it faces resistance
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.