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Will BPCL change the trend by breaking the falling wedge?

free nse bpcl stock calls

free nse bpcl stock calls

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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Mr.Dev, has been in the forex and commodity markets since 1997. He’s one of the few non-biased investment advisors to have correctly called the current bull / bear market before it began and to have positioned his clients accordingly. As a result of his accurate forecasts on Indian commodity markets & currency, he is becoming increasingly more renowned. Mr.Dev has been quoted in many of the newspapers. He is a highly recommended technical analyst by many of the local financial newsletters and advisory services. He also is founder of commodity profit sharing service on Moneymunch.

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4 Comments

  1. Thanks, dev for sharing this idea.
    Nowadays I am learning lots of things from you.
    I found that your analysis skills are next level.

  2. Finest work ever!
    Whenever I feel that I am unable to analyze the market, I open money munch.com.
    Your ideas are helpful for me.
    Love your work!

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