GSPL - Gujarat State Petroleum Corporation Bullish ViewGSPL charts have formed a bullish engulfing candlestick pattern.
You can use this opportunity because it has a very good risk to reward ratio.
Entry: Long above ₹389.80 (the high of the bullish engulfing candle)
Stop-Loss: Short below ₹368 (the low of the bearish candlestick before the bullish engulfing pattern)
Take-Profit: This will depend on your risk tolerance and trading goals. based on a 1:2 or trailing basis 1:3 Risk to reward Ratio
Risk Management: Always remember to practice good risk management. Only risk a small percentage of your capital on each trade.
Disclaimer: This is not financial advice. Please do your own research before making any trading decisions.
Remember, trading involves risk. I can't guarantee that this trade will be successful.
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