HPCL BPCL Dixon Harmonic Pattern Analysis

By | January 20, 2024 8:10 am

HPCL

Intraday Traders can use the below mentioned levels

Buy above 466   Tgt 470, 474 and 478 SL 462

Sell below 460 Tgt 456, 452  and 448 SL 464

BPCL

Intraday Traders can use the below mentioned levels

Buy above 485 Tgt 490, 495 and 500 SL 481

Sell below 477 Tgt 473, 469  and 464 SL 480

 

DIXON

Intraday Traders can use the below mentioned levels

Buy above 6115 Tgt 6169, 6205 and 6256 SL 6100

Sell below 6085 Tgt 6044, 6000 and 5950 SL 6110

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  • All prices relate to the NSE Spot/Cash Market

  • Calls are based on the previous trading day’s price activity.

  • Intraday call is valid for the next trading session only unless otherwise mentioned.

  • Stop-loss levels are given so that there is a level below/above, which the market will tell us that the call has gone wrong. Stop-loss is an essential risk control mechanism; it should always be there.

  • Book, at least, part profits when the prices reach their targets; if you continue to hold on to positions then use trailing stops to lock in your profits.

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