Ready for breakout or breakdown atlast. If breakout thenone can go for long term target for 450-500-550. also when breakout or breakout a very good intraday script is there.
BPCL has shown a trendline breakout today with high volume .
The indicators like MACD and EMA are showing bullish trend.
The RR ratio is also around 4 for 15% potential profit in a short term.
I Am not authorised person , its my own thinking please consult with your advision before taking any action.
My knowledge is on chart candle pattern for my positioning
Just look at the number of times that trend line has been tested. It has not managed to break it. Will it be done this time?
If it breaks it, the move could be HUGE!
Keep this on radar.
Please like and follow.
If stock sustains above the pink line, we may see the targets of 414, 426 and 436.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
As you can see number of support and resistance it has taken and has honoured the triangle pattern beautifully, Also a Morning star is formed at current level with a volume greater than last five days. Expecting a huge breakout!
Triangle Pattern Breakout
Entry-405.65
Target -480
SL-367.25
Confirm Entry above 424 as it is a major resistance
SWING TRADE OPPORTUNITY IN BPCL
As you can see in the image above that BPCL has broken out of a CUP & HANDLE formation and has come to level which is very favourable level to go long.
A Cup & Handle formation usually comes with its own Targets, which is, the price difference between the neckline of the cup to the lower circumference of the cup. As shown...
BPCL (Bharat Petrol Corp) - Parallel channel formation at monthly TF
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Disclaimer : All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
BPCL
CMP 380.50
- since June 2020, we observe, BPCL consolidating in channel and then giving a spike up or down
- channel zone is nearing breakout time zone
- momentum might be seen above 389
- multiple support between 355-368
- at CMP & on dips the stock provides good risk::reward ratio to go Long for targets of 408 / 440 / 473
- Stop loss if trades below...
#BPCL
Bharat Petroleum Corporation Limited.
CMP: 399
TARGET: 436 // 478
G-O-I undertaken stock is in limelight, BPCL. As the state run petroleum company plans for divestment, there is going to be a lot of opportunities for retail investors and traders. Govt. plans to sell off almost 53% stake from the company and it receives MULTIPLE bids. Stock is expected to...
