BPCL bearish setup

22 thg 11, 2021

This analysis is only for Educational purpose only. Do your own analysis and proceed further. This BPCL script has broken the long term raising trendline and fell near 410. Then it took the support near 410 and rose upto 470, which was acting as a trend line support. Now the trend line support acted as resistance and it fell further and broke the major support at 412. Due to this formation it may further fall to downside 376. if it will break 376, then it will fall further upto 360.