BPCL on the Brink: Potential for Massive Move
Key Points
1. Looking at the monthly time frame, the stock was in range-bound facing multiple rejections from the same level. It finally broke out in 2024 with a huge volume spurt.
2. The breakout candle forms a mother bar resulting in a mini coil setup. The detailed version can be seen in the daily time frame provided below.
3. In the daily time frame as well, the stock seems to be in a range consolidating with good volume buildup. A break above the resistance can result in a good up move. 🚀🚀
1. Looking at the monthly time frame, the stock was in range-bound facing multiple rejections from the same level. It finally broke out in 2024 with a huge volume spurt.
2. The breakout candle forms a mother bar resulting in a mini coil setup. The detailed version can be seen in the daily time frame provided below.
3. In the daily time frame as well, the stock seems to be in a range consolidating with good volume buildup. A break above the resistance can result in a good up move. 🚀🚀
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