Bpcl has been in somewhat of an uptrend as of late. But for the third time since last july 2020 today again it failed to cross the levels of 481-482. If tomorrow it crosses and closes above 481 we can most likely see an upside till 510 or higher. The same way if it closes again in red with a decent body below todays lows it can be shorted with 482 as a stoploss. Reason to short would be a triple top and a negative rsi divergence.
تعليق
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Stoploss can now be placed at 488 or an EOD close above 482. Targets of 440 and 420 have now been opened.
تم فتح الصفقة
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For BPCL to give a downside taking out 28th May's low has become very crucial. Today again it failed to takeout levels of 481. Immediate stoploss should be any higher time frame closing above 481.