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kautilya_k
Jul 14, 2020 5:30 AM

BPCL | LONG TRADE Long

NSE:BPCL240
BHARAT PETROL CORPNSE

Description

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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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Trend AnalysisHarmonic PatternsChart PatternsBPCLbpcllongnsenseidniaBearish Batbearishbatformation
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