Finally looks like we will have deregulation news coming true.
on 25th June panel of ministers will sit to decide on deregulation. Charts says they will say yes to it.
Bpcl today traded above 5 day avg of 531 almost few hours before it broke out above the downward moving channel giving a hint of a new III wave start target of which comes to a new high around 687. Important to note that recent decline is of three waves which are corrective in nature so we can expect a motive wave of 5 waves targetting 700. Let us see what happens on 25th Deregulation meeting.
keeping my fingures crossed.......
keep a sloss at 530(5 day avg as of now). I will update trailing sloss if requires.
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