Currently BPCL is trading inside a descending channel and near it's support zone in the channel as well as near it's buying zone. We need to wait for two confirmations, first one is it should take support from it's buying zone as well as it should also give a upward breakout from the channel. You can start buying the stock once both the condition satisfies.
Hello all, here I have formed one support and one resistance area. If the stock breaks the resistance area and moves up 155 and gives a close above 155, then you can buy.
Today Bandhan Bank has given a breakout. As I said earlier, if it break the trend upwards then you can buy with a target price of 400. Tomorrow on 19th Nov their is a chance of gap up opening for Bandhan Bank.
The trend is trying to break out the resistance zone again but this time the RSI is also giving buy signal by crossing RSI 60, so we can buy with target 85
