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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.

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Click the below link to read Abbott IND Intraday Tips:
Abbott IND – Santa Rally Time

I had written, “Intraday traders can jump on it for the targets of 19200 – 19256.”.

It has touched all targets. Book Full Profit Now (CMP: 19300+)

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Rossari Biotech – Correction Underway: How much?

Rossari Biotech is following Darvas Box Theory in 15 minutes chart. And a breakout of it indicates a direct strong sell signal. The above chart doesn’t need any description.

Adani Enterprises – New Intermediate Uptrend

Adani Enterprises stock is following a simple parallel channel. The uptrend will be over after the breakout of the support.

Intraday traders must keep their eyes on the support trendline of the parallel channel to take an entry. The price of Adanient will reach 1752 – 1760 – 1770 levels soon.

Abbott IND – Santa Rally Time

Intraday traders can jump on it for the targets of 19200 – 19256. Invalidation is yesterday’s low. It can fire up to 19664.
Rule: complete breakout of 19100.

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