GSPL - Gujarat State Petroleum Corporation Bullish View

GSPL charts have formed a bullish engulfing candlestick pattern.
You can use this opportunity because it has a very good risk to reward ratio.

Entry: Long above ₹389.80 (the high of the bullish engulfing candle)

Stop-Loss: Short below ₹368 (the low of the bearish candlestick before the bullish engulfing pattern)

Take-Profit: This will depend on your risk tolerance and trading goals. based on a 1:2 or trailing basis 1:3 Risk to reward Ratio

Risk Management: Always remember to practice good risk management. Only risk a small percentage of your capital on each trade.

Disclaimer: This is not financial advice. Please do your own research before making any trading decisions.

Remember, trading involves risk. I can't guarantee that this trade will be successful.

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