Kinnari_Prajapati

BPCL is getting ready to ride on the wave 5

Long
NSE:BPCL   BHARAT PETROL CORP
Hello! Friends,

I have come up with a new research an idea but, before starting to talk about technical things, Let's share your LOVE by you giving me LIKES and COMMENTS. Thanks in advance.

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"" DAILY CHART ""
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Here we can see daily chart of BPCL .
right now, in BPCL daily timeframe we can see the bullish trend . By applying EW Theory we get to know that wave 2 has a retracement of 78.6%. the 3 wave is not extensive but normal which has a retracement level of 161.8%. the retracement of wave 4 is 38.2% still the price spends more time on wave 4.
now, if you want to grab the profit, you need to ride on the wave 5 which has a retracement level of 61.8%.
there are high chances of wave 5 to be extended.
longterm take profit can be 520.
Thank you.
we will meet in the next analysis

Comments

Hi mam is this the right time to buy in bpcl. Thanks
+6 Reply
SL?
+5 Reply
@MBAHIR, let wave for finished
+2 Reply
hi mam in bpcl it has come down from low of 19th aug so should we wait in this stock or keep some sl?
+3 Reply
agree
keep it up
+2 Reply
WELCOME ..MISS YOU ..GOOD TO SEE AFTER LONG TIME..
+1 Reply
Mam, what's your view on EOIs received by govt? Can we start seeing speculative buying soon? What can be highest bid govt can receive to take over. Why no expression of interest from ril or shell?
Reply
bpcl toh down gaya par analysic apaka achha hota he
Reply
Great work. Tell me about bpcl.
Reply
superb!
Reply
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