BPCL - Reversal formationBPCL has formed a inverse head & shoulder pattern.
Volumes dried and picked up, as the volumes picked up price didn't move much lower indicating demand.
Today price moved up on high volumes crossing highs last 4 sessions.
This increases chance of a good breakout in coming days.
SL 298-300
On other timeframes.
Weekly : Master/Mother candle
on 30 min Timeframe.
Narrow range just below consolidation
