Pithaly

BPCL, Weekly

Big money is only made by thinking different, and before others latch on to the same idea.

No one today will be proposing this, but I am.

Look, oil, as I said, is not going to correct from $146. In fact, it's shot up to $ 150 and the expected peaking is in the $160 - $165.

Peaks remain for a very short time (as do bottoms).

If this is likely to come true, then we are very close to oil peaking. Like the Sensex at 19,000 or 20,000 just before it peaked at 21,000.

It seems that oil consumption in the US is at a five year low.

Why not take an early position?

The position has very little downward risk, but a huge upward potential, if the above scenario happens.

I'm speaking of BPCL, HPCL and the like.

BPCL 255.75

Terrific buy signals currently.

Earlier peak was 550 or so.

It's historically never been below 270!!!!!

This is a pure moolah-making contrarian play!!

Check out the weekly chart attached:

1. Moving average envelope BUY signal.
2. Bollinger band BUY signal.

Absolutely OVERSOLD.

You CANNOT lose on this deal if oil really crashes to $80 or 90 a barrel.

350 first target. In fact, maybe the point to exit and re-enter if bullishness persists.

(350 - 270) / 270 = 29.6% in say, 6 months max?

That's an annualised 90%!

BUY CALL No 2:

BSELINFRA.

37.9

10 buy signals in weekly, 12 in daily.

Likely to give a very quick 25% without effort!!

WAIT. Try to get it closer to 33. (Likely to fill the current gap between 33 and 41).

Yo. I'm not a professional. The usual disclaimers apply :)