HPCL IOC BPCL
10 Sep 2020 ● 07:09 AM
I do not like the way OMCs are devloping so I am stopping to coverage under Value wave Investments [HPCL, BPCL, IOC]. The patterns are not developing as expected. It is a distraction. The best time for them was the Oil deflation of 2020 which is now behind us. Now in the reflation it is hard to say how govt will respond. Charts are failing to follow through on patterns near term is all I can say.
i may consider discussing the short term set ups when interesting.