BPCL bullish trend continue
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.
הערה
Forgot to mention this. Price recovered with W pattern below in 1hr timeframe.הערה
Good pre-open at 600הערה
day closing 600 is bullish only.הערה
Would wait for one more day closing above 611. It can shoot upto 630 very soon.הערה
If it breaks this triangle. Big targets will be open.הערה
Still holding 600 levels.הערה
Again bullish above 600הערה
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Again stuck under the pattern. הערה
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Trade going good. הערה
taking support at 600 levels. which is still bullish.הערה
Inverted H&S pattern. Target is big. הערה
Target4. 666 done.הערה
Above 612 it will be again ready for upmove swing.הערה
Due to split it's bit under pressure now. But soon it will be over.העסקה בוטלה באופן ידני
I have to add new analysis now due to split the price has changed.
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