BYCO Byco Petroleum short term analysis 1st Mar. 2021

Further Advance

Our Pivot: 8.70

Our Preference: Start buying BYCO above 9.90 and average it out till 9.40 with strict stop loss of 8.70 and profit target at 11 with extension towards 11.60.

Alternate Scenario: Downward penetration of 8.70 will call for 8.30 and 7.90.

NOTE: BYCO is moving in a bullish price channel on weekly chart and right now its getting support from resistant trend line of previous triangle.

Chart with supports & resistances: