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BPCL

Discussion in 'Technical Analysis' started by vishuhd1, Apr 15, 2013.

  1. vishuhd1

    vishuhd1 Member

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    Software Engineer in IBM, Bangalore
    BPCL has also made a W (not a very perfect one) and it has given buy signals.. This can be bought for an immediate target of 408 with a SL of 365..

    However, in this the risk to reward ratio is not so great, so one can wait for the stock to close above 408 to take the position..
     
    vishuhd1, Apr 15, 2013
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  2. shabbir

    shabbir Administrator Staff Member

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    I would try avoid as this is just one big candle and not a slow move to the resistance.
     
    shabbir, Apr 15, 2013
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