BPCL LTD Technical studies For Swing Traders
Updated
BPCL looks bearish as it falls below 399 support and goes back 5 days.
BPCL made a big belt candle and started falling. According to past performance, if the trend is weak, the price will make a bunch of bearish candles. The swing dealer can wait for the T1 356 to break.
But if the market breaks the level of 399, there may be a bullish movement in the market.
If this level is broken then good bearish speed can come.
Targets : 356 - 331 and more
Invalidation: breakout of T1
Thank you!
Money_Dictators
Disclaimer: This is NOT investment advice. Invest your capital at your own risk.
BPCL made a big belt candle and started falling. According to past performance, if the trend is weak, the price will make a bunch of bearish candles. The swing dealer can wait for the T1 356 to break.
But if the market breaks the level of 399, there may be a bullish movement in the market.
If this level is broken then good bearish speed can come.
Targets : 356 - 331 and more
Invalidation: breakout of T1
Thank you!
Money_Dictators
Disclaimer: This is NOT investment advice. Invest your capital at your own risk.
Trade closed: target reached
Target 1 @356 Target 2 @331
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