Hi Friends, Please see the snapshot its a clear down trend began for BPCL ---- Try to BUY PE's I expect it to go down below 320 BY EOD of AUG and continue to go down even more in SEPT..
Looks like bad scene BPCL. Im out of it. Making lower lows...Will break 370 and then go down to 350/340 levels. Will be a good sell at around 380 and wait till it breaks.
BUY BPCL TARGET 470-500- 2 weeks time
Short BPCL target 442 stop loss 467
BPCL 1Hour Chart Formed Descending Channel wedge. Retested successfully. Buy Target 1: 520 Target 2: 540
This has been moving in a channel. The stock personality of 200D EMA could not be sustained, currently on 300D EMA formed a harami pattern. A reversal can be expected from 365D EMA.
Stock showing support at current level. SL - 480 Target1 - 506 Target2 - 512
Buy - 498 CBSL - 479 Target - 538 RR - 2.11
NR Decay trade BPCL is trading at 524 BPCL 510 PE @ 7.30 BPCL 540 CE @ 8.05 Initial credit 15.35 Breakeven 494.64 and 555.35
DAILY FINANCIAL WISDOM: Amateur traders focus on rewards. Professional traders focus on risk.. (All signals for educational purposes only)