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BPCL

#ONGC #TIDEWATER #OIL #IOC #HINDPETRO #BPCL #DIESEL #PETROL #IT#ONGC NSE: ONGC CMP 117.60 Target 130+ Time frame < 2 months Factors: Petroleum sector booming 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 Fundamental are strong. Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming The stock has potential to go beyond 130 in longer time. PEER COMPARISONS: NSE: ONGC NSE: TIDEWATER NSE: IOC NSE: OIL NSE: HINDPETRO NSE: BPCL NSE: PETRONET NSE: SUPPETRO NSE: CHENNPETRO NSE: RELIANCE If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
NSE:ONGCLong
by Rachit_Sethia
BPCL | Full strategy | Description for details 🔰 Hello my friends, here is the story I see behind this stock: ⭐Fibo: Might come on 0.3 or 0.5 seems good to buy here :) ⭐Pattern: Ascending triangle ⭐Volumes: HUGE on the D chart ⭐Possible trade activation on green zones + fibo retracement and hold if broken the ascending triangle neckline ⭐Trade will be activated on 1D if it makes a green bar on those lvls ⭐Risk: closing below trendline = SL and target = Winning trades should be trailed only :) ( my thinking, still if u want lvls i can provide them in comments :) ) 🔰Am I taking this trade: No---Reason: Already in the trades of Naukri and PPL as posted last time :) 🔰 {Some info} ➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all. ➼I hope you will love my simple analysis style. ➼Feel free to suggest your view on this as learning is earning here :) ➼I take my trades on my Zerodha account :) ➼These charts are my and only my work, my thought process, just from an educational point of view and no calls. <<<<<>>>>>
NSE:BPCLLong
by Averoy_Apoorv_Analysis
7
BPCL Analysis- Buy For 30%There are two buy prices in BPCL. If BPCL crosses 490 then can be bought from the given levels for the given targets. Buy-Above 490 SL - 465 Target- 530 565 600 630 And If BPCL comes to the range of 415-420 then also it can be bought from the given levels for the given target. Support Buy Buy - Between 415-420 SL - 395 Target- 440 460 480 Note:- I am not SEBI registered . All Views and trade setups are my personal view and my personal trade setup. Do follow us Like Us Share with fellow traders Also check the below related ideas for other stocks.
NSE:BPCLLong
by Omahto
BPCL _beautiful chartin last chart i have written it as HEAD AND SHOULDER =========================================================== But here it has formed a running triangle of 3-3-3-3-3 =========================================================== And it has taken support in 1 hrs time frame from 200 MA =========================================================== so buying now with target as shown in chart take pink lines as tgt 1 , tgt 2, tgt3 respectively =========================================================== ____________________ <<<>>> ____________________
NSE:BPCLLong
by TRADING_DUNIYA
BPCL- Ascending Triangle Pattern Breakout?NIfty50 stock BPCL formed Ascending triangle pattern. You can see Rising lower trend line having ascending Higher Lows and a Flat upper trend line acting as resistance line. I have marked A and B point, to calculate the target. Price at A point = 252 Price at B point = 478.65 Formula to calculate the target is Target = (Price difference between A & B) + Price at point B Price difference between A & B = 478.65 - 252 = 226.65 Target = 226.65 + 478.65 = 705.30 So we can have our positional target near 705.30 This is my personal view about BPCL. Take it as educational purpose. I am not sebi registered or any Stock market expert. I am not responsible for profit or loss.
NSE:BPCLLong
by AmeyKajarekar
80
Is it an ascending triangleIt might look like an ascending triangle but ascending triangle are continuation pattern which normally forms in prior established bull trend. BPCL doesn't have prior established bull trend for this large ascending triangle. Nonetheless, this is a kind of bullish pattern as lower lows are being formed on the lower end of PF, substantiating the slope. EMAs have been supportive which means every mean reversion is being bought by smart investors. Resistance have formed horizontally and price is just making lower lows near the horizontal resistance which means buyers are now buying into minor corrections for bigger move. Horizontal resistance is just soling up the supply for tired buyers. 480-510 is the resistance zone which once crossed on closing basis, supported by volume, could propel stock for the upper boundary of PF. Target can't be fixed as it'll keep changing as the time lapses. Better to make vertical count to the upper boundary after breakout from the long consolidation.
NSE:BPCL
by TukkaNomist
BPCL - Ascending Triangle with Cup & Handle formationThe market structure has been Bullish on a higher time frame. The price has been moving in the ascending triangle for a long time. In addition to this, the cup and handle can also be seen which makes it a high probability setup. The target of Ascending triangle and Cup & Handle are almost overlapping in the 620-630 zone. You are always advised to use an appropriate Risk-Reward ratio as per your strategy. If you like my charts, make sure to share and comment. P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk.
NSE:BPCLLong
by johntradingwick
4