IamAStudentOfTheMarket

BPCL appears to be a good short candidate.

Short
NSE:BPCL   BHARAT PETROL CORP
Bharat Petroleum Corporation Ltd (CMP 367.35) is showing negative divergence along with a double top pattern on daily chart. Downside targets can be 355/340/335/320 on positional basis. Stop loss can be kept at 380 on closing basis or at 385 on intraday basis. BPCL may turn very weak below 350. Risk is all yours.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.