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BPCL, VEDL, Reliance for 23 oct 2020

Three stocks for today. BPCL, VEDL and RELIANCE.

BPCL for 23 Oct 2020
BPCL for 23 Oct 2020

BPCL is moving in a bullish channel. Yesterday it opened with a huge gap up and then it again entered into the channel. Buying is seen at the channel support trend lines. Buy trade will have a good chance of profitability with support or stop loss of 345. The target can be 355/360 for intraday if stayed within the channel.

Reliance for 23 oct 2020
Reliance for 23 oct 2020

Reliance seems to be making Higher Lows in 15 Mins Time frame. While it is moving in the downwards channel, it will be a good opportunity to short at the upper trend line and capture a few points. If weakness seen then Selling around 2140 or 2130 could generate a profitable trade.

VEDL for 23 Oct 2020
VEDL for 23 Oct 2020

VEDL is in an upward moving channel. Buying at support zones can be considered for profitable trades. Buying can be at around 103/103.5 and targets can be 107/108.