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MikeX007

H&S formation happening in BPCL with rising RS curve

Long
BHARAT PETROL CORP (NSE:BPCL)  
MikeX007 Updated   
NSE:BPCL   BHARAT PETROL CORP
Chart Patterns Technical Indicators
7
2
chartpattern indicator
It seems a head & shoulder formation is happening in BPCL counter. Currently right shoulder is under formation & volumes have squeezed out.
Confirmation only when it gives a breakout above neck-line with huge volumes with positive RS.
Comment:
SL can be trailed to 355 or can book partial profit
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