BHARAT PETROLEUM CORP LTD
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BPCL - LONGTERM - ELLIOT WAVE ANALYSIS

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It has formed classic elliot abcde triangle. Ready for upside move.
To clarify the stoploss points:
You can see 2 stoplosses as well as targets.
Place your stoploss at (stoploss 1 : 297/-) if you are taking an entry now.
After the price breaks the upper trendline and comes for a retest, then stoploss can be moved to (stoploss 2 : 331/-)
These cases happens only for triangles. So invest wisely.

-Definitely not a SEBI registered. So, this is only for educational purpose.

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