BPCL has broken out of the UPward trending channel pattern and moreover, there is a golden cross formed on 22nd December where a 50-day moving average crossed over 200-day moving average giving a more bullish signal.
Rationale behind this trade
OPEN
RELIANCE
(Enter above 2117.0)
2000
-5.53%
Current
2150
Target
2000
Stoploss
2117
Entered
(21/01/2021 13:15:00)
Recommended on 21-01-2021 13:08:00 and valid till 21/02/2021