BPCL bullish trend continue
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BPCL long term trend is looking bullish. Fibo between the golden retracement plus it has rejected & reversed the head & shoulder pattern along with macd crossover. Above the 100 200 EMA. Cant ignore this price action, 15% upside clearly visible in 4-6 weeks time.
Follow the below levels.
Target1 611
Target2 628
Target3 647
Target4 666
Target5 688
Target6 700
Fibo extension bonus levels predicted upto 750 levels
Day closing below 585 will give selling pressure. Otherwise bullish trend only.
Keep this in mind. Options is a dangerous instrument to play. Please do not go wild on anything unless you know exactly what you doing. And market can always prove me wrong and i take that rights too. Experience traders also fail in this market. Only risk management will give you an edge. Don’t take any trades without SL. Respect the market, Ungli nahi katoge to pura hath katna padega. Beware.
DISCLAIMER: I AM NOT SEBI REGISTERED ANALYST. ALL POSTS ARE EDUCATIONAL PURPOSES.NON ADVISORY, DISCRETIONAL NO CLAIMS, RIGHTS RESERVED. I AM NOT RESPONSIBLE FOR YOUR PROFIT OR LOSS.
Follow the below levels.
Target1 611
Target2 628
Target3 647
Target4 666
Target5 688
Target6 700
Fibo extension bonus levels predicted upto 750 levels
Day closing below 585 will give selling pressure. Otherwise bullish trend only.
Keep this in mind. Options is a dangerous instrument to play. Please do not go wild on anything unless you know exactly what you doing. And market can always prove me wrong and i take that rights too. Experience traders also fail in this market. Only risk management will give you an edge. Don’t take any trades without SL. Respect the market, Ungli nahi katoge to pura hath katna padega. Beware.
DISCLAIMER: I AM NOT SEBI REGISTERED ANALYST. ALL POSTS ARE EDUCATIONAL PURPOSES.NON ADVISORY, DISCRETIONAL NO CLAIMS, RIGHTS RESERVED. I AM NOT RESPONSIBLE FOR YOUR PROFIT OR LOSS.
Nota
Forgot to mention this. Price recovered with W pattern below in 1hr timeframe.Nota
Good pre-open at 600Nota
day closing 600 is bullish only.Nota
Would wait for one more day closing above 611. It can shoot upto 630 very soon.Nota
If it breaks this triangle. Big targets will be open.Nota
Still holding 600 levels.Nota
Again bullish above 600Nota
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Again stuck under the pattern. Nota
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Trade going good. Nota
taking support at 600 levels. which is still bullish.Nota
Inverted H&S pattern. Target is big. Nota
Target4. 666 done.Nota
Above 612 it will be again ready for upmove swing.Nota
Due to split it's bit under pressure now. But soon it will be over.Dagangan ditutup secara manual
I have to add new analysis now due to split the price has changed.
Penafian
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