Saptagirinivasa

BPCL - Short Term Bullish - Positional

Long
NSE:BPCL   BHARAT PETROL CORP

Bulls have gained control and if they are able to sustain above REDLINE, expect a very good upside move.
Stop loss - If price closes below redline on weekly closing basis.

Re-enter if price crosses above REDLINE.

All the best
Trade active:
Bullish trade continuation. Exit below low of the weekly green candle. Re-enter if price breaches above redline
Trade active:
Stop loss, below 368, weekly candle closing basis.
Trade active:
PRICE ACTION EXPECTED ABOVE 397.
Trade active:
Exit if daily closing candle below 391. Wait for next trade at Red line based on market sentiment.

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.