Saturday, January 18, 2014



BPCL is ready for making a reversal pattern as mentioned in my blog in previous post. RSI 14 is making almost High in Hourly chart. Trend line resistance is falling at 347 around in Futures. One can go short on the stock at this price with Rs. 1/- or 2/- for a good down move till 330 in few days.

BPCL looks like a good shorting candidate at mentioned levels. One can also trade in options to make quick money. If you are not sure about the method mentioned in previous post, whatch the method with this stock and try to understand power of reversal.

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