Stock has been in a down trend since june and was not able to give a break out. Price has tested the resistance zone 3 times and now is the fourth time it is trying to break. And during this process an inverted head and shoulder pattern is formed on the price chart. As we know that it is a reversal chart pattern, and we can see an upmove from here if price...
Financial Supports target of 130-150 in mid term. RSI indicating bullish momentum along with MACD also giving bullish signal.
Strong Uptrending price , making HH HL. May break strong resistance at around 128-131, if oil produces from the eastern offshore field (tentative end of June).
Stock had broken the TL and has been able to break the resistance zone as well today after forming Cup and Handle. Looks good for swing if stays above 122 for 1-2 days
BPCL Breaking out of a wedge like pattern; would retest and target the gap covering
Long Mahanagar Gas above 1075 for the Target. Target 1: 1149 Target 2: 1239 Stoploss: 1055