BPCL -
Daily Time Frame (DTF)
Volatility is getting compressed and new insider candle developed ( yellow triangle ) and price crossed above it . RSI(7) @ 63 and above RSI -EMA - showing bullish .
Weekly TF
Volatility is getting compressed and new insider candle developed ( yellow triangle ) . RSI(7) above RSI -EMA - showing bullish . Also Bullish indicator activated (Green triangle).
If geopolitical conditions supporting , it looks overall a nice buildup.
Cautionary note: Support / resistance levels may vary based on market conditions .so this is not a recommendation to buy or sell, but rather a signal to watch the stock for future trading opportunities.
It's essential to monitor the stock in the coming days to see if the price action fits your entry criteria and aligns with your strategy.
disclaimer :This is not a buy sell recommendation - only for study purpose .
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.