BPCL trade ideas
BPCL - long viewThe stock has crested a good base at the level range of 330 levels.
As you can see the stock has taken support around this area and moved upwards.
It reached a high of 503 levels before crumbling to huge selling pressures.
The stock is trying to make its way back to the top.
I have presented my views on the chart with levels that can help you take your trades.
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If you feel you can make use of my and put them to good use, request you to kindly revert with feedback/suggestion/improvement
BPCL Breakout CandidateAnalysis as explained in chart. Targets as given in chart.
This idea is for educational purpose only.
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BPCL1 Broke the long term trendline (blue)
2 Took support at marked bottom rectangle
3 Now it has again broken the trendline on lower timeframe and may come down
4 I can see two possibilities one it will regain black trendline and move up or take support around green zone.
Note if it breaks green zone then further downfall is expected
This is just my view and no recommendation
BPCLNSE:BPCL
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