fbpx
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/-.

 

 

 

Disclaimer: This document has been prepared by Sharewolves, a registered SEBI Research Analyst, and is being distributed to our clients. The information in the document has been compiled by the research department. Due care has been taken in preparing the above document. However, this document is not, and should not be construed, as an offer to sell or solicitation to buy any securities. Any act of buying, selling or otherwise dealing in any securities referred to in this document shall be at investor’s sole risk and responsibility. This document may not be reproduced, distributed or published, in whole or in part, without prior permission from the Sharewolves.