BPCL GIVE A BIG BULLISH ENGULFING PATTERN ON CHART NOW IT'S ON REVERSAL. NEXT TARGET 435, 445, 460. IF YOU GET PROFIT SO PLEASE LIKE AND FOLLOW FOR MORE UPDATE.
BPCL (NSE Cash) Market cap is above 241.297b Volumes are above 666.887k Average volume is 2.28 Float is 77.522M LTP: 423.05 Support: 413.55 Resistance: 434.60 / 441.85 Daily charts (long term) A bullish engulfing candle was made on 22nd April followed by a confirmation green candle on the 23rd. There is a reversal seen in the DEMA as well. 5 DEMA has crossed 100...
Logic 1) Big time frame Triangle pattern retesting 2) Trend line retesting 3) Hammer formation
BPCL IN 15 MIN CHARTS IS IN GOOD CHANNEL GOOD MOVEMENT CAN BE SEEN BREAKING THE TREND CAN GIVE GOOD MOVEMENT,,,,,,,,,,,,,,,NIFTY DIRECTION CAN BE DIRECTIONAL..
Wyckoff Accumulation best buy @ below 410 (near spring- about to come) Spring is about to come
Self Explanatory chart Enter at Elliott's Wave 2 Bottom & Exit at Wave 5 Top Entry at 385-390 with SL 370 (Weekly close) Target 1 - 542 Target 2 - 640 Updates will be given then and there. Since its a weekly timeframe, this trade will take good amount of time to get completed
BPCL at a good point in terms of risk-reward. One can enter here with 400 as WCB stop loss. The target is near 470-480. If it clears that then can head to 520-530. Also, it has retraced till 50% and has formed a Bullish candle on weekly time-frame there.
It was continuously taking support at the 200 D EMA, which is also a Fibonacci level. Increasing volumes in the last two trading sessions. Looks perfect for a swing trade with a reward to risk ratio of 2:1. Please let me know your views in the comment section.
Watch or the channel breakout with good volume Good R/R ratio SL @ 395
We can see a Bullish Engulfing candle on the daily charts which is a strong buy signal. Whoever wants to go long can go long at current levels. LTP is 419.65
The stock has taken support at 200 MA and we may see higher levels until 200 MA is intact on the downside. To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
BPCL is on important support on daily time frame also on 200DMA support