CLOSED

BPCL
Manually Closed

408.1 -5.08%
Close Price
(2021-04-20 10:24:31)
429.95
Entry Price
(2021-03-26 11:05:00)
447.35
Target Price
 
397
Stoploss
 
Enter at below 428.95 | Created on 2021-03-26 05:33:40 and valid till 2021-06-03 18:30:00

Trade rationale

Trendlines

1. BPCL is forming an ascending triangle formation on weekly charts. 2.Price is making a shortfall just below the breakout zone(which is bullish). 3. On the daily chart, it has filled yesterdays gap completely, thus showing more room for upside. 4. This is the 3rd time in last 4 months that RSI is taking support at 40.