HERE IS BPCL CHART SET UP AS PER ELLIOT WAVE THEORY, BPCL CMP IS 400 AND IT WILL COMPLETE ITS 4TH WAVE NEAR SUPPORT ZONE 400 TO 380 SO ITS GOOD BUY NEAR SUPPORT ZONE FOR THE TARGET OF 537 TO 576 LEVEL ABOVE THIS ITS CAN GO UP 600 TO 630 IS MAJOR TARGET ZONE.
Can you post latest Elliott Wave for this stock?
It is trading below 330 levels, and your life line of 360 is gone.
TRADEWITHKIRAN
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@Falcon_Trader_1, SL HIT IN BPCL STAY AWAY FROM BPCL. TRADE CLOSE
Falcon_Trader_1
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@TRADEWITHKIRAN, Noted, thanks. In terms of Elliot wave, is this downward correction? - If this is true then new wave impulse should come after Nov 6 (Earnings Day) or Nov 14th - Disinvestment News. In both cases, I am staying away for sometime. Watching closely, this has momentum potential.
@TRADEWITHKIRAN, Yes, I asked you question when it was around 330. It is a good stock if disinvestment happens. I am out of it for now, but I think it will have good rally till Nov 16th, if disinvestment news is good.
It is trading below 330 levels, and your life line of 360 is gone.