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kautilya_k

BPCL | LONG TRADE

Long
BHARAT PETROL CORP (NSE:BPCL)  
kautilya_k Updated   
NSE:BPCL   BHARAT PETROL CORP
Trend Analysis Harmonic Patterns Chart Patterns BPCL bpcllong nse nseidnia Bearish Bat bearishbatformation
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trendanalysis harmonicpatterns chartpattern bpcl bpcllong nse nseidnia bearishbat bearishbatformation
Hey guys,

  • BPCL has a very good setup right now. It seems to be forming a bearish bat with the second impulse wave in the formation.

  • This trade has an RR Ratio of 6.82. So that pretty much is a very good number to give in.

  • Sell in the red region and buy back lower at the 0.382 retracement.
Trade closed: target reached
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