BPCL
Its a Ascending Triangle. Hi everyone its a ascending triangle and its is a one of best chart pattern .
: before trading please control your emotion , and work harder and never give up .
: And have a good trade .
BPCL is showing reversalNSE:BPCL had been taking resistance on it's trend line for the last few trading sessions. Today it had been able to give closing above the trend line. And candle is also bullish.
BPCL Ready To MoveSharp fall has been seen in BPCL since last 1 Month.
The trendline has been taken out indicating that the correction has been over.
According to our Half Bat BPCL will reverse from 400-445. And the Green Trendline is the major support for BPCL.
Buy- Between 440-445
SL - 430
Target - 465 480 500++
Short Sell BPCLBPCL is trading around its resistance. Here, it gives a good Risk/Reward ratio for trading.
Short Sell BPCL@market 456-57 with SL 460 targets open.
If SL triggers, then, wait and buy only above 468 and keep SL as the chart suggest at that time.
Disclaimer :
Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for educational purpose only. Please do your analysis before taking any trades given by me. I MUST not be held responsible for any profit or loss out of any trades you take on our advice. All Disclaimers Apply.
BPCL_DONT MISS THIS OPPORTUNITYIf BPCL takes the support of the trendline, one can go long and enjoy the upside rally.
(for educational purpose only)
Swing trade∘ Best Setup on Daily time frame Buy at Dip
∘ Trend line support
∘ Target - all time high
BPCL seems weakNSE:BPCL seems to be coming towards it's 430 support. It's going down respecting the trend line. If it breaks trend line and tries to go up then entry can be taken.
📊 BPCL coming towards harmonic PRZ NSE:BPCL
if one could find reversal around these level then go long. keep as as per risk appetite.
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
BPCL @ 450 is a good Buy for targets 465/470There is a Triangle Breakout and subsequent retracement to the Triangle on the Weekly charts which is a very good buying opportunity. Forget about Crude Oil just Buy BPCL for targets 465/470 within 10 days
Positional Trade - Weekly analysis
- Ascending triangle Pattern
- Strong trend line multiple time support , wait for test again .
- Target all time high
Falling wedge in BPCLNotes:
Very steel falling wedge pattern.
Since the pattern is a bullish setup, any close above the trendlines might take it upto the level marked in green.
Please note - Not a SEBI Registered Advisor/Analyst. Only for Educational Purposes. Please Consult your financial advisor before you take any action.
Bpcl short sideHello guys i had find this selling setup in 4h timeframe which is at upper channel resistance and also broken structure we have a good opportunity to do swing trade here with above swing sl and below channel tg also plzz guys do your oen analysis before taking any trade if you like my analysis plzz like share and follow thank you
BPCL_INTRADAY OPPORTUNITYBPCL can be traded for intraday on 23rd June21 if it breaks the trendline.
(for educational purpose only)
'BPCL' intraday opportunity for 18th June 2021The above chart is only for educational purpose.
Make sure you don't trade blindly, reanalyze and trade.
Positional or Swing Trade in BPCL.BPCL can be a good buy for positional or swing trade as you can see stock is making ASCENDING TRIANGLE pattern in one day chart and also made a CUP AND HANDLE breakout recently near the important resistance level,and then also broke the resistance level and now it is near the important S&R area.If it retested on it It can be a good buy and we can see it on 510 levels soon.
BPCLBPCL IS MOVING TOWARDS ITS ATH.
ANALYSIS
1)ECONOMY OPENING
2)HIGHER DEMAND
TARGET
ATH IS THE PRIMARY TARGET, BREAKING ATH MIGHT BRING STUPENDOUS MOMENTUM IN OIL MARKETING STOCKS AS A WHOLE
BPCL Stock Update on Previous Breakout and TargetHello Everyone,
Few days back BPCL technical breakout on weekly charts was updated and this is follow up update, we have projected BPCL to move towards 540 & now BPCL reached till 485 slow and steady move in BPCL.
Let's hope for the best that in few days it will reach to 540 levels.
For Educational Purpose Only
If you like the stock idea please hit like and also share.
#PETRONET CMP247 #Target 271(10%) #ioc #ongc #tidewater #bpcl #PETRONET
NSE: PETRONET
CMP 247
Target : 271
SL 238
Time Frame < 2 months
Can hold the stock for longer time after part booking.
Factors:
Trend Following
Inverted Head & Shoulder Pattern.
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
PEER COMPARISONS:
NSE: ONGC
NSE: TIDEWATER
NSE: IOC
NSE: OIL
NSE: HINDPETRO
NSE: BPCL
NSE: PETRONET
NSE: SUPPETRO
NSE: CHENNPETRO
NSE: RELIANCE
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With 💚 from Rachit Sethia
