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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Special discount on our pricing plans! 🎉 - t.me/moneydictators
For Premium Research and Elliott wave Guidance: t.me/warlockmd
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For Premium Research and Elliott wave Guidance: t.me/warlockmd
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.