BYCO Byco Petroleum short term analysis 14th Dec. 2020

Further Advance

Our Pivot: 9.10

Our Preference: Start buying BYCO above 9.74 and average it out till 9.10 with strict stop loss of 9.10 and profit target at 10.30 and 10.72 with extension towards 11.20.

Alternate Scenario: Downward penetration of 9.10 will call for 8.40.

NOTE: BYCO have given bullish breakout of its triangle on daily chart and daily stochastic and macd have turned their direction towards bullish side.

Chart with supports & resistances: