BPCL is clearly seen taking support from its major trend since past 1 year. It is very difficult to break this trend line. Hence it is good opportunity to go long with small SL.
Tips : This is weekly chart , Use weekly chart for trend analysis. Use daily chart to find proper bullish candlestick reversal pattern on this trend line and use 1 hour time frame for smooth entry.
Put stop loss little below the trend line and aim for at least 7%+ target or as per your holding power.
This is major trend line analysis done for mainly educational purpose , feel free to share your views/feedback.
Tips : This is weekly chart , Use weekly chart for trend analysis. Use daily chart to find proper bullish candlestick reversal pattern on this trend line and use 1 hour time frame for smooth entry.
Put stop loss little below the trend line and aim for at least 7%+ target or as per your holding power.
This is major trend line analysis done for mainly educational purpose , feel free to share your views/feedback.