It seems a head & shoulder formation is happening in BPCL counter. Currently right shoulder is under formation & volumes have squeezed out. Confirmation only when it gives a breakout above neck-line with huge volumes with positive RS.
Komen
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SL can be trailed to 355 or can book partial profit
what is the target for it for one day and week candle
MikeX007
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@sumitrajan442, I cannot predict the exact targets on this script, seeing the technical chart I tried to analyse the price action for upcoming days. This thesis might fail if price breaks below 40 WEMA.