BPCL1! trade ideas
trend analysis and chart patternhere bpcl made a symetrical triangle. so it will give uptrend. jai hind trader
BPCL1!28-11
Daily chart of BPCL1!
Candles have breached the resistance at 330 with strength (manual).
The strong bullish candle is attempting to breach resistance at 336.15 (200 EMA).
There is a bullish divergence as well.
I have gone long as I think that once the candles manage to break and sustain above 336.15, it may test 368.45 levels.
BPCL FUT Triangle breakout patterna possible breakout has been identified in BPCL FUT, this is a low risk trade. but you can extend the stoploss according to your risk appetite.
