BPCL is in growth trajectory with periodic profit booking.
Should own this stock in oil and gas space.
My Idea;
As marked in the indicators chart and studying the correction method here,
there is not much to take into consideration and calculation.
0.382 correction given the stock support at 490 which is now my stop.
0.618 resistance at 546 shows the stock will reach new LTH.
Buy cmp 506 and add on dips till 495 stop 487.
FIB congruence seen at 648.
Target set at early exit 636/642.
26% upside seen.
Should own this stock in oil and gas space.
My Idea;
As marked in the indicators chart and studying the correction method here,
there is not much to take into consideration and calculation.
0.382 correction given the stock support at 490 which is now my stop.
0.618 resistance at 546 shows the stock will reach new LTH.
Buy cmp 506 and add on dips till 495 stop 487.
FIB congruence seen at 648.
Target set at early exit 636/642.
26% upside seen.
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