BPCL bullish trend continue

27 Mar

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.

27 Mar

Not

Forgot to mention this. Price recovered with W pattern below in 1hr timeframe.

28 Mar

Not

Good pre-open at 600

28 Mar

Not

day closing 600 is bullish only.

29 Mar

Not

Would wait for one more day closing above 611. It can shoot upto 630 very soon.

1 Nis

Not

If it breaks this triangle. Big targets will be open.

1 Nis

Not

Still holding 600 levels.

16 Nis

Not

Again bullish above 600

18 Nis

Not

24 Nis

Not

Again stuck under the pattern.

26 Nis

Not

2 May

Not

Trade going good.

12 May

Not

taking support at 600 levels. which is still bullish.

27 May

Not

Inverted H&S pattern. Target is big.

3 Haz

Not

Target4. 666 done.

12 Haz

Not

Above 612 it will be again ready for upmove swing.

25 Haz

Not

Due to split it's bit under pressure now. But soon it will be over.

13 Tem

İşlem elle kapatılmış

I have to add new analysis now due to split the price has changed.