BPCL Retesting for Intraday once again
So we have now triple confirmation which only comes from price action
1.It is the pullback in the downtrend and retesting the major trendline.
2.Price has created double top at the major trendline.
3.The wick rejection is perfectly at the 50% Fib retracement area.
Please also have look at Nifty
It is not advisable to trade against the Nifty Trend
So we have multiple reasons to take a wining trade now
I can be completely wrong so please analyze your own also
And if any help needed contact me!
1.It is the pullback in the downtrend and retesting the major trendline.
2.Price has created double top at the major trendline.
3.The wick rejection is perfectly at the 50% Fib retracement area.
Please also have look at Nifty
It is not advisable to trade against the Nifty Trend
So we have multiple reasons to take a wining trade now
I can be completely wrong so please analyze your own also
And if any help needed contact me!
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