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BPCL, Technical Outlook

BHARAT PETROL CORP (NSE:BPCL)  
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NSE:BPCL   BHARAT PETROL CORP
Trend Analysis Chart Patterns Technical Indicators oilandgas oilsector oilstocks Moving Averages doubletoppattern priceaction community indicatorstrategy
4
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trendanalysis chartpattern indicator oilandgas oilsector oilstocks movingaverage doubletoppattern priceaction community indicatorstrategy
The price is strongly rejected by the LTMA band.
Also the formation of an Inverted Hammer Candle in the negative zone indicates a down move.
The price could test the levels of 565 and if broken then 535.

Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.

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