Will BPCL change the trend by breaking the falling wedge?

2021年12月31日

BPCL had broken the uptrend channel and started correcting the previous move.

It has made a falling wedge, which is on the level of 61.8%.

Price will reach 401 and may face minor resistance. But If the price gives a strong close above 401.2, we can see the following targets: 415-439-456-469 and more.

If the price doesn't make a higher low and breaks 357, it will make a down move of about 340.

Traders can wait for a pullback, and they can enter after the breakout of 401.2.

2022年1月7日

註釋

BPCL reached 401.

2022年1月17日

註釋

Watch Breakout: BPCL reached 401.

2022年3月3日

註釋

Failed