MARKET HAS BROKEN THE FLAG RESISTANCE NOW GOING UP TO THE NEXT RESISTANCE ZONE. G'DAY GUYS.
I am Looking to sell once price makes Move high , or after small rally I am expecting Price will reach 718/720 I will sell Near 720/718 with stop 730 and Looking to book near 710 All this is depend on stock if rally on Monday , if failed to rally and Gap down , then I will not be going for Short Sell Regards
Trade the flag Breakdown.Support from trendline . Short if breaks 727 and closes below. Or if it takes support at 727-728, Buy for a target of 742 & buy above 742 in case of breakout from the flag. Double top on Daily and weekly TFs.
short bpcl between 741-744 sl 752 trg 735 730 724 this is study perpose only .....
stay long it some steam left befor it will go sideways
TOOK 3 RS RISK FOR 13 REWARD
BPCL IN SUPPLY ZONE AS PER CANDLE PATTERN AND ALSO AT OVERBOUGHT ZONE AS PER RSI
SHORT BPCL BETWEEN 714-710 IT HAS RSI TOUCHING TO SUPPLY ZONE AND THE CANDLE TOO GETTING INTO SUPPLY ZONE. SELL 1-4 FUTURE LOTS AND MAKE HELL LOT OF MONEY
BOUGHT - 708.5 TARGET - 715.5 SL - 701
After A Sharp Fall From 700 levels to 620....BPCL made a bearish flag and now it is getting ready to fall again
In previous update- well critical level played its magic twice, first came to 650 & later at 649- Amazing selling opportunity- read between the lines & key level 632 also showing its importance for a short term bounce to 644 in yesterday's session end. Triangle could be in making with critical level@651- so, possible that it moves to the zone 598-605 in the...
after a down move from 750 to 640 stock is now in side ways forming bearish flag which might push the stock towards 600/575