SWING TRADING IDEA FOR 3RD MARCH 2017.
HUGE OPEN INTEREST BUILD UP IN THE STOCK IS ALSO A SIGN OF A REVERSAL WHICH MUST BE REPRESENTED BY SOME SORT OF TECHNICAL PATTERN.
IN BPCL I HAVE OBSERVED A BULLISH GARTLEY WHICH IS QUITE SUITABLE FOR A STOCK WHICH IS BULLISH ON LONG TERM CHARTS.
SO BUY BPCL ON DECLINES AROUND 620-625 WITH A STRICT STOP LOSS AT 605 CLOSING BASIS FOR THE MINIMUM TARGET OF 655-660.