BPCL Gearing up for a big move.
Simple Wedge pattern.
Volumes are picking up since few days.
Trend line is on weekly basis so you may see trend line passing through candles, but doesn't matter much as neither candle closed above it.
Always remember whenever you side a significant upper wick to the breakout candle, trade in light quantities or can even avoid as chances of fakeout higher.
Attached is link to the weekly chart, Please check this also!
Volumes are picking up since few days.
Trend line is on weekly basis so you may see trend line passing through candles, but doesn't matter much as neither candle closed above it.
Always remember whenever you side a significant upper wick to the breakout candle, trade in light quantities or can even avoid as chances of fakeout higher.
Attached is link to the weekly chart, Please check this also!
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