October 09, 2015
BPCL (NSE Cash)
SELL
` 867
` 843 - 846
` 800
5-10 sessions
820
795
855
867
Bearish
Source: Falcon (Chart time - 13:18 IST)
With a broader view, this stock is in a consolidation mode as we are witnessing a trading
range of 900 to 800 on the daily chart.
Within this congestion zone, we are now observing some signs of weakness as the stock
prices are on the verge of confirming a breakdown from the ‘triangle’ pattern on daily chart.
This breakdown level of 844 coincides with the daily ’89 EMA’. Thus, we expect this weakness
to continue over the next few trading sessions.
Considering the current chart structure, we advise traders to sell this stock from current level to a
rise up to ` 846 for a target of ` 800 in coming 5 to 10 trading sessions. The stop loss for this
trade set up can be kept at ` 867.
October 09, 2015
BPCL (NSE Cash)
Last 6 recommendations
Date
Stocks
Recom. Buying/Selling CMP Target 1 Target 2 Stop-loss
Status
Active
08-10-2015
Wipro
SELL
593 - 597
587
558
-
614
Active
05-10-2015
Bank Of Baroda
BUY
185 - 184
183
196
-
179
Target Achieved
18-09-2015
Yes Bank
SELL
772 - 776
-
710
-
804
SL Triggered
08-09-2015
Rel Infra*
BUY
340 - 337
372
-
324
Target Achieved
08-09-2015
LT
BUY
1523 - 1515
-
1605
-
1470
Target Achieved
08-09-2015
Yes Bank
BUY
660 - 657
-
702
-
635
*Ex-dividend Rs 8