BPCL: Gearing up fly high - Know Why!

Daily Time Frame:


Key Points:

Breakout Confirmation: The stock has decisively moved past its 4 years long resistance, confirming the breakout.
Volume Surge: Accompanied by high trading volume, indicating strong market interest.
Target Potential: Eyeing a 50% upward move based on technical analysis.

Why This Matters:

Momentum: Breakouts like this often lead to sustained trends.
Opportunity: Ideal for traders looking for growth stocks with strong technical setups.

- Above 620 it will start to shoot and also EMAs have confirmed the bullish trend continuation.
- If you have liked my chart reading and analysis, don't forget to leave a comment and boost the post.
- Wish you all a profitable trading journey. Cheers!


Disclaimer: This is NOT a buy/sell recomendation. This post is meant for learning purposes only. Please, do you due diligence before investing.

Thanks & Regards