Rising Wedge pattern observed in BPCL. Pattern looks to have confirmed suggesting a bearish outlook. Target depth of wedge is around 128 points. With confirmation of pattern occurring at 364, Target of the pattern comes in at 236.
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We are doing USDJPY Analysis in Daily Time frame
You can keep an Eye on USDJPY it is forming rising channel pattern you can take a trade on the breakout of this pattern.
Note: This is only for Educational Purpose this is not Investment advice.
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Short First & Long Later
Plan A –
Selling in 11685 -11710 for Targets - 11650-11660
Plan B –
Selling below 11650 for Targets - 11600-11615
Plan C –
Selling Below 11600 for Target zone - 11525-11540
Plan D –
Buying in 11600-11615 zone with strict stops below 11590 for 11700-11710 & Above 11725 for 11775-11800 & Above 11825 for 11980-12000...
Always little be penetration can be seen in intraday research.
The control price of major channel and value high of minor channel can be Intraday U-Turn point at 11608 nearby and minor yellow channel has value low at (D) 11523 but value but intraday support can be 11563 in some case only because already support has taken by Manjor channel at (4) and target for...