Bearish pattern in BPCL is forming. It's on the crucial support right now. It's taking support on 200 ema as well, so a breakout below 400 levels with volume can push this stock in bearish trend.
Note: This is strictly for educational purposes, I'm still learning the concepts of the stock market. Do your own analysis before taking any positions.
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Let it close before 400 (below 200 ema) then only it will come in bearish mode.
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Looks like it has taken support on 200 ema and the marked resistance zone.
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Took resistance on 50 ema and now trying to break 100 ema levels. I'm gonna wait for closing below 400 before shorting.