BPCL-Time to shift the gears for bulls? Week & Daily Analysis

BPCL

Overview:
After the big up trend from November 2023, price has broke previous ATH. Due to strong movement price has reached 20% above previous ATH. But Healthy breakout needs proper consolidation & also due to profit bookings price was under small retracement.
Again the price has bounced from previous ATH but this time with W Chart pattern(Day TF) & more importantly Fibonacci at 0.382 Level. Inside candle price break in weekly time frame & also in Day TF indicates strong movement ahead

Buy: Above 654
1st Target(Swing traders): 688
2nd Target(Investment): 750

Get confirmation from any of the leading indicators before entering trade

Kindy comment below in case of any clarification required on this particular idea.
Please follow for more ideas

“The goal of a successful trader is to make the best trades. Money is secondary.” - Alexander Elder

Zlecenie aktywne