BPCL EQUITY forms harmonic pattern and its going to break previous resistance ...so its chances to reach 480+ in short term
cup&hndle is really interesting text book theory that need no introduction i think it just need a good strength before moving in direction fibnocci scale at 61% looks healthy pullback also their is 3 dips
BPCL is testing the support levels. Trend is down. Will it hold the support or accelerate the downtrend?
bpcl chart analysis for intraday and swing trading
It's good to add BPCL to watchlist Since it is in range for longtime. When Breakouts give a massive Return
a. Prices are currently at the pivot point (Orange) b. Prices are currently heading towards the 1st support zone (Green). c. Current Trend confirms that 10DMA should correct itself by tomorrow or a day later. d. The pattern of creating a higher low is confirmed. Should the current position be assumed as a higher low then it can't fall too below 1st support and...
Long BPCL between 435-445 target 475 SL 422. Watch stock is taking support the TL and High probability to move stock once again either from the TL or Support area. This is for your educational purpose only. Happy Trading !
BPCL has been respecting the various trendlines shown is bound for a multi year break out. Short term traders can buy now and can have targets of 482. Stop loss around previous pullback. Add on dips if you are and investor and keep an eye out on earnings.
NSE:BPCL is looking to respect it's 100 DEMA. It has bounced back from there only.
Stock showing short term consolidation and RISING Adx. Might give a good move on any side. Also, stock is closed below 50 MA on daily time frame and now 50 MA is acting as resistance.
BPCL - if 460 is crossed decisively , this could see an ups or in short term. Accumulate.
Can Go short on bpcl. For 2% on this day only
BPCL ON DAILY TIME FRAME WAS TRADING IN A CHANNEL WHICH GAVE BREAK OUT. BUT IT TOOK RESISTANCE FROM 50MA ON DAILY TIME FRAME.
only for trading purpose stop also make stoploss with carefully see how stock touch their trend line and goes up
Near Triangle Breakout Buy Bpcl Only Above 481 (DCB) Strict SL - 453.9 Target - 550