Bharat Petrolium is one of the great stock for fuel sector is ready to roar again.
We do see channel breakout in BPCL and we are expecting a good move in this script.
Moving averages also showing favourable ratio.
CMP: 601
STOP LOSS : 582
TARGET : 627 +
Hi,
Eecepting NSE:BPCL to reach target of 900 Rs. in coming days/weeks. A very nice price action supported by good volume is seen in BPCL. It is also bullish on daily, weekly and Monthly MACD Charts. Expecting the momentum to continue...
NSE:BPCL is currently trading at very good buying levels.
This is for educational purpose only...
BPCL has given a good rally towards trendline on monthly timeframe
expecting a correction from 480 level
with a small stoploss of 500
correction wave target till 400
above 525 stock will be super bullish
Analysis:
The chart you provided shows BPCL's stock price currently trading at ₹558.38, which is above the multi-year resistance level of ₹541.60 marked by the blue line. This recent breakout, accompanied by strong volume, suggests a potential continuation of the uptrend.
Key Points:
Breakout confirmed : BPCL successfully broke above the multi-year...
It is observed that BPCL is trading at crucial resistance level. Seems time to get corrected. And the results are also going to announce tomorrow.
Keep your SL at 490.
Possible to go down till 461, 449 and 409
📊 Details
Bharat Petroleum Corporation is a public sector company which is engaged in the business of refining of crude oil and marketing of petroleum products.
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your...
Inverse Head and Shoulders Continuation:
This pattern forms in an extensive upside rally. It consists of a left shoulder, a head, and a right shoulder.
At the end of the left shoulder, a minor correction takes place on the upside which happens on the low volumes comparatively the starting of the left shoulder. After this again a down move can be seen on large...
Chart is self explanatory.
Just for education purpose, points to be noted
In this type of formation an entry is typically taken when the price breaks out.
Buying happens if the breakout occurs to the upside, or short/sell happens if a breakout occurs to the downside.
A stop loss is placed just outside the opposite side of the pattern.
For example, if...
1. BPCL has formed Cup and Handle Pattern, it may breakout in near future.
2. SL, Entry and Target to be posted afterwards.
Disclaimer: The views expressed in this article is of my own. You're solely responsible for any decision taken in the markets, resulting in financial gains or losses. The analysis I've shared is just for informational and educational purposes.
NSE:BPCL
BPCL is in consolidation for 5 years and it's clear structure of wave abcde . Wave abcde always formed in wave 4 only. It seems like wave 4 is completed and BPCL is in wave 5 to complete the wave structure.
Minimum Target is 805/-
NSE:BPCL
Chart and Indicators are showing bullish divergence. Stock is just below 200 EMA on 2,3,4 hours chart. It's better to wait and watch and enter at HH level which is near 357.70/-
Target: -
1)Target is between 366 - 368
Avoid this setup for 15 mins after opening the market to take trade.
NSE: BPCL is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on...
A bullish flag & pole Chart Pattern Breakout completed on the Weekly Time frame of NSE:GOCLCORP
Price Action supported by very good volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list and initiate the long trade as per the levels mentioned on the chart
Stop loss will be on a...
BPCL can look for 318-320 dip levels for tp of 340-342
risk 1.90% and reward 7%
just watch for the levels in coming days
dc : only for educational purpose
Buy BPCL above between 558 to 365
SL 338
T1 - 387 (1:1)
T2 - 409 (1:2)
Index OIL n Gas Index will try to make higher high so Index will be bullish.
BPCL forming bullish head and shoulder pattern on weekly time frame.
BPCL formed W pattern breakout with volume
Took support from bottom trend line
