BPCL bullish trend continue

3月27日

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.

3月27日

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

3月28日

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Good pre-open at 600

3月28日

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day closing 600 is bullish only.

3月29日

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

4月1日

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

4月1日

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Still holding 600 levels.

4月16日

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Again bullish above 600

4月18日

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4月24日

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Again stuck under the pattern.

4月26日

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5月2日

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Trade going good.

5月12日

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taking support at 600 levels. which is still bullish.

5月27日

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Inverted H&S pattern. Target is big.

6月3日

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Target4. 666 done.

6月12日

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Above 612 it will be again ready for upmove swing.

6月25日

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

7月13日

交易手动结束

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