Dated : 22/12/2018
Bpcl :Cmp : 354
Short at 358
Target : 330
Stock may witness strong resistance at 382 levels, 3 tops plus RSI at overbought zone.
It seems to be a bull trap for the traders.
One can initiate shorts with the hedge of shorting JAN put of 350 at Premium of Rs 15/-.
Stop loss followed would be 370/-.
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