Idea: Long trade BPCL for weekly income.
Logic: With BPCL in continuous uptrend, a demand zone formed on 349.4 levels is strong probability for bounce up, as it has broken prior pivot and is also near higher time frame demand zones.
The zone being formed on 50 EMA on weekly time frame adds another edge to the zone working in our favor.
Keeping R:R as 1: 2.5 a long trade with strict SL can be initiated.
Entry : 349.4
SL: 341.35
Target: 369.5.
#Safe trading
#Take proper position size and risk management.
Logic: With BPCL in continuous uptrend, a demand zone formed on 349.4 levels is strong probability for bounce up, as it has broken prior pivot and is also near higher time frame demand zones.
The zone being formed on 50 EMA on weekly time frame adds another edge to the zone working in our favor.
Keeping R:R as 1: 2.5 a long trade with strict SL can be initiated.
Entry : 349.4
SL: 341.35
Target: 369.5.
#Safe trading
#Take proper position size and risk management.
#Take proper position size
#Safe trading
#Safe trading
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
#Take proper position size
#Safe trading
#Safe trading
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.