BPCL faced strong rejection while breaking out on 7th December.
But the strange thing here is that for such a strong first 1hr candle today, volume was significantly low. I suspect operators might have played part here, trapping all bullish retailers.
Might possibe that this will fall now to grab SLs of trapped bulls or it may again touch its resistance zone and will continue downward.
But the strange thing here is that for such a strong first 1hr candle today, volume was significantly low. I suspect operators might have played part here, trapping all bullish retailers.
Might possibe that this will fall now to grab SLs of trapped bulls or it may again touch its resistance zone and will continue downward.