Rational : Support & Resistance; Trend analysis
Sharp 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++
BPCL 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...
Please consult with financial advisor before investing.
If BPCL takes the support of the trendline, one can go long and enjoy the upside rally. (for educational purpose only)
∘ Best Setup on Daily time frame Buy at Dip ∘ Trend line support ∘ Target - all time high
NSE: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.
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.
There 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
- Weekly analysis - Ascending triangle Pattern - Strong trend line multiple time support , wait for test again . - Target all time high
Notes: 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.
Hello 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 can be traded for intraday on 23rd June21 if it breaks the trendline. (for educational purpose only)
The above chart is only for educational purpose. Make sure you don't trade blindly, reanalyze and trade.
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...