Reason for long
a) Triangle breakout
b) super vwap breakout
c) open = low set up
d) weekly breakout possible
e) good risk reward zone
f) volume accumulation
sl compulsory
In a big consolidation period. Final approval to sell acres of land to BPCL at 390+ Cr, the current debt on 190 odd Cr will vanish in no time. What a time to enter!
On a multiyear chart, the stock is yet to enter the ascending angle of influence (8/1) at 35. But in a 30 day chart, the stock seems to be ripe for immediate entry.