BPCL - LONGTERM - ELLIOT WAVE ANALYSIS
It has formed classic elliot abcde triangle. Ready for upside move.
To clarify the stoploss points:
You can see 2 stoplosses as well as targets.
Place your stoploss at (stoploss 1 : 297/-) if you are taking an entry now.
After the price breaks the upper trendline and comes for a retest, then stoploss can be moved to (stoploss 2 : 331/-)
These cases happens only for triangles. So invest wisely.
-Definitely not a SEBI registered. So, this is only for educational purpose.
To clarify the stoploss points:
You can see 2 stoplosses as well as targets.
Place your stoploss at (stoploss 1 : 297/-) if you are taking an entry now.
After the price breaks the upper trendline and comes for a retest, then stoploss can be moved to (stoploss 2 : 331/-)
These cases happens only for triangles. So invest wisely.
-Definitely not a SEBI registered. So, this is only for educational purpose.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.