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...
Hello 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 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...
A similar pattern is forming at tops which we saw in March and stock gave almost 20% fall from 480 zones. One can take the sell trade if stocks sustain below 465 for a marked target until 490 is intact on the upside. To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
BPCL making beautiful Cup and Handle and near an all-time high. already supported with good volumes. Looking for long ( Target is 640). The pattern is negated below 435
Date: 24 May 2021 BPCL (CMP:470) Cup and handle formation taking shape. Breakout above 475 should confirm the pattern. Volume buying participation is required as well. Target and SL given in the chart. Duration: 2.5 months (10 Aug 2021)
TREND ANALYSIS & TRADE SETUP ! WAVE ANALYSIS !! Follow Chart Instruction. Do not be Hurry for entry. Wait for Proper Entry Setup. Buy/Sell with Best Risk Reward. Educational Chart Only. Wait for ENTRY CONFIRMATION ! Risk:Reward: 8-10 times. Regards @MohitArora
Looks good for a swing trade. Can be traded in Futures or CNC.
BPCL is taking support of a trendline. If it breaks with the good volume then it may show bearishness for short term. (for educational purpose only)
PSU companies about to rallying ONGC,GAIL,COAL India,BHEL,BPCL keep on radar.
Triangle PATTERN formation on bpcl weekly chart Happy LEARNING
Currently in accumulation zone buy above 476-77 sl below 465 tgts 500++
#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...
DOUBLE BOTTOM pattern formation in process what are your views , very active stock keep on radar