I-Fund-Trader

A Rare Random Pattern

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NSE:BPCL   BHARAT PETROL CORP
This one have made an rare random pattern , Usually there will be moves which create identifiable pattern , but this one is very rare and random too ,
Logic is they are not dropping heavy , and they are moving in very narrow ranges of , but for sure this is not pulsing to up side , Now it has two ways to move
01) It can move up form this place which is not very good in price action because its slow , and then complete one Flag pattern then enter A Major correction or
02) It can straight away Gap down and start correction to Fill the Gap ,
Only Monday Open will give the direction to this
Look for sell set up which is Good for Profit running , Buy is Bad idea for current seen
Komen:
it moved out form the existing pattern
Komen:
If it sustains and move forward , buying is not a Good options , they are reversing very fast , if price move up Look for sell set up
Penafian

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