B P C L (Bharat Petroleum)

Here’s what BPCL is doing on the Hourly … taking support.

Expect a bounce imo – 3 supports at one place. Confluence.

And some positive divergence thrown in for some chatpata-ness.

If it breaks that support, look for 560 next.

BPCL Hrly Spot 20140925

And updating the chart – what a bounce from 610 to 657 now ….. exactly presumed.

BPCL Hrly Spot Update 20140925

Trail your stops if you have gone long based on this chart. Cheers …..

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J P Associates

This is NOT a trade reco. This is just a pattern I have seen repeating …. and posting it here.

JP Will IT 20140924

Coal India

Coal India has given a good RS and Flag breakout today with volumes and a probable Wolfe Wave too for Target 1 of 400, T2 of 420 and eventually the WW target of 440+.

This can be taken in cash delivery with a stop of 365 on closing basis.

Coal India 20140903