BPCL FUTURE LOOKOUT

25 mai 2021

Bpcl has been in somewhat of an uptrend as of late. But for the third time since last july 2020 today again it failed to cross the levels of 481-482. If tomorrow it crosses and closes above 481 we can most likely see an upside till 510 or higher. The same way if it closes again in red with a decent body below todays lows it can be shorted with 482 as a stoploss. Reason to short would be a triple top and a negative rsi divergence.

27 mai 2021

Note

Stoploss can now be placed at 488 or an EOD close above 482.
Targets of 440 and 420 have now been opened.

28 mai 2021

Transaction en cours

For BPCL to give a downside taking out 28th May's low has become very crucial. Today again it failed to takeout levels of 481. Immediate stoploss should be any higher time frame closing above 481.