BPCL | Full strategy | Description for details

٢٧ مايو ٢٠٢١

🔰 Hello my friends, here is the story I see behind this stock:
⭐Fibo: Might come on 0.3 or 0.5 seems good to buy here :)
⭐Pattern: Ascending triangle
⭐Volumes: HUGE on the D chart
⭐Possible trade activation on green zones + fibo retracement and hold if broken the ascending triangle neckline
⭐Trade will be activated on 1D if it makes a green bar on those lvls
⭐Risk: closing below trendline = SL and target = Winning trades should be trailed only :) ( my thinking, still if u want lvls i can provide them in comments :) )

🔰Am I taking this trade: No---Reason: Already in the trades of Naukri and PPL as posted last time :)

🔰 {Some info}
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.

<<<<<<Thank You Have a Nice Trading Day>>>>>>