BPCL can move either side.
Chart analysis shows it has broken the support zone and should head down towards 360 levels
But privatisation and fall in crude oil price can push the price up.
Due to coronavirus, the market is mostly based on the news rather than technical.
Upside target of 503
TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Wait for entry setup, if available then Long/short.
R:R is 15 to 20 times.
TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Wait for entry setup, if available then Long/short.
R:R is 8 to 12 times.
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Levels are mentioned on the chart..
Know your own risk before invest.This is just my idea not an investment advise..
Check out my other ideas too..
TREND ANALYSIS
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Wait for 2nd entry setup, if available then short.
R:R is 8 to 15 times.
On the back of Crude inventories data released by American Petroleum Institute(API), according to which inventories fell less than expected, the commodity declined sharply citing lower demand. For further confirmation of the same one can watch crude inventories data about to be released by US government's Energy Information Administration (EIA) at 20:00 Hrs IST....
CRUDE HAS TRAVELED TO BUY TREND WITHOUT ANY RETRACEMENT FROM DECEMBER MONTH. SO THERE WILL BE A CORRECTION OF 500 POINTS AS TARGET 1 & 1000 POINTS HAS TARGET 2
