BPCL vigorous stock for invest in......!!!! for NSE:BPCL by Jay_shree

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trendanalysis beyondta chartpattern bpcl trading trend direction

For long traders it is advisable that maintain stop-loss 311 nearby and trade. The stock is showing that it will move in a up direction.

----30 min chart----

For short term traders it's a big question is it a break, or price will fall down?
Answer is if price cross 323.5 level it will be conform that the stock is going for up-trend after breaking the down trend and make a new channel.

Comments

Good morning with good work!
According to the data, BPCL is at the top.
The current value is around 322 and previously it was around 310!
The offered rate is greater than the bid rate.
Government has raised excise duty on petrol overall! And taxes are now around 70%. And the petrol rate is going with 61%. And OMCs gains extended fall

aman3101998

@aman3101998, your home work is very great.

I guess for short term traders it's a down situation. And it up to breaks. Volume is low and so the price action. And it is vigorous for long term traders. So is it like for the long term traders the price will go up till 373.50? And impulsive wave goes and meets the penetration. May I know for what rate? I just want my doubt to be cleared and good work as always. I would like to know more about GOLD BOND

Thetradingmyopic

@Thetradingmyopic, short term traders means here is "day traders" who trade daily and make money and long traders means here is, those who trade for long and they won't get effected with little fall. I hope now your dought is cleared.

i will say what the Riya said is true for me also. i beleve in your work too. i hope we will enjoy this trade with profit. keep it up.

HarshitGandhi96

@HarshitGandhi96, thank-you.

@Jay_shree
the month of May, it might fall around 270.
BPCL is moving to its strongest support territory. And it has given a very good closing on Wed-Thu. And it says minimum sell. It's bullish and there should be a gap today itself. BUY is less, in summary, oscillators as well as moving averages.
And like always, loved your work today.

Nandini-03_

@Nandini-03_, thank-you, your all comment give me positivity. :)

Hello , Jayshree
Do you know blind man always trust on his stick ?like that your analisys is my stick . I love to see your analisys . You are a ray of inspiration .I never thought I can make good profits ! But I am sure now I am capable to make profits.
I am glad , very very thank you for analisys.i hope it will break major R. And we can find new high. For long position !!
Thanks

Riya_roze

@Riya_roze, thanks for the great comment, i'll say you trust only in the stick but don't trust blindly anyone.