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 …..


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