BPCL has been coiling in a range since last Sep. A breakout is now visible, recent lows can be a stop level
#BPCL after forming Higher Lows, now ready to breakout above 439 levels
# BPCL forming a triangle in Daily Charts, getting rejected at 430-440 zone with Good Volumes.will initiate a short trade below 422 for T1 400 & T2 375, will put SL of 338. Let's See
Momentum is good Volume is good above 200 dma forming symmetric triangle Buy above Previous Day high with sl 395 Target 482, 520
#BPCL breaking out of a symmetrical triangle. 680 the price target in a period of about 12 months with this month's low of 380 as the stop loss. Time Scale : Monthly
bpcl chart analysis for intraday and swing trading
BPCL formed a channel pattern. Also bullish engulfing candlestick pattern formed. we can expect to break the channel pattern. one of the reasons for bullishness is it broked triangle pattern ( This article is in the related ideas section once go through it for better clarity ) which is formed from past 2 years. Stay tuned with me by following @GKS_TEJA. Please...
Buy BPCL above 412 Target price 425-430 with the SL of 402. This is for your educational purpose only.
NSE:BPCL BPCL on daily chart looks bullish for swing or short term trade. On daily chart of BPCL after price rejection from 436 on 9th of February 2021 it did not received proper follow through for selling and went sideways for few days. On 17th February 2021 though it made Gap Down opening which at that time seems like good opportunity for seller but if...
bpcl swing trade tgt 1 and tgt2 possible if cross tgt 1 and close
Tgt-402. Disclaimer: This is my personal view and NOT a trade recommendation.
In the daily chart, we can clearly see that BPCL is taking support from the bottom of the parallel channel. Take long positions for the longer targets.
One can wait for decisive breakout, but personally I will scale in to 30 min TF and look for buying opportunity for mentioned three targets/ Till then give a like to this santa. Regards
BPCL is a good buy above 428 with target of 470 / 540 and SL at 350
For study.. Trading inside Wedge pattern, put it in your watchlist better to enter when it breaks the pattern, Like, Comment & Follow.. For more chart analysis.