BPCL-Time to shift the gears for bulls? Week & Daily Analysis
BPCL Overview:
After the big up trend from November 2023, price has broke previous ATH. Due to strong movement price has reached 20% above previous ATH. But Healthy breakout needs proper consolidation & also due to profit bookings price was under small retracement.
Again the price has bounced from previous ATH but this time with W Chart pattern(Day TF) & more importantly Fibonacci at 0.382 Level. Inside candle price break in weekly time frame & also in Day TF indicates strong movement ahead
Buy: Above 654
1st Target(Swing traders): 688
2nd Target(Investment): 750
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Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.