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NSE BPCL – Barrier Triangle within Barrier Triangle

Free nse stock bpcl weekly chart calls

Free nse stock bpcl weekly chart calls

Timeframe -Weekly

Today, I’m talking about real-time “Barrier Triangles” which developing on BPCL and very specific aspect of this triangle that I’ve encountered numerous times and that’s the frustrating aspect or characteristic of a triangle stuff to sometimes. In this instance, we are looking at a triangle where we actually have a triangle within triangle.

Let me explain you my price chart over real quick, and you’ll see exactly what I’m talking about. Notice we have connected by trend line waves A and C is horizontal and waves B and D sloping downward therefore, we reveal barrier triangle.

Breakdown – 357 expecting more fall.
Resistance – at or nearby 419

But here, lower TF research can increase odds and confident for trade setup.

I will shortly update – lower TF here.

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Stock market certified investment advisor(s) for Moneymunch. They're a regular guest on popular online channels and writes for several newspapers and financial journals. Who has studied charts for over 20 years, and they have black magic of the share market.

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