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BPCL

"PRICE ACTION ANALYSIS FOR BPCL"Hello Traders as per PRICE ACTION THEORY I have drwan the directional arrows which price can follow for upcoming sessions! If you want to trade enter in PullBacks for conservative entry and for agressive traders enter in the Breakout keep the stoploss above(Short) or below(Long) the last swing.. IF YOU WANT ANY OTHER ANALYSIS LET ME KNOW IN THE COMMENT SECTION OR DM ME! Also checkout my other analysis and if you like them dont forget to like them and follow me! -Rv The Trader :)
NSE:BPCL
by Rv-The-Trader
1
BPCL is getting ready to ride on the wave 5Hello! Friends, I have come up with a new research an idea but, before starting to talk about technical things, Let's share your LOVE by you giving me LIKES and COMMENTS. Thanks in advance. -------------------------------------------------------------------------- "" DAILY CHART "" -------------------------------------------------------------------------- Here we can see daily chart of BPCL. right now, in BPCL daily timeframe we can see the bullish trend. By applying EW Theory we get to know that wave 2 has a retracement of 78.6%. the 3 wave is not extensive but normal which has a retracement level of 161.8%. the retracement of wave 4 is 38.2% still the price spends more time on wave 4. now, if you want to grab the profit, you need to ride on the wave 5 which has a retracement level of 61.8%. there are high chances of wave 5 to be extended. longterm take profit can be 520. Thank you. we will meet in the next analysis
NSE:BPCLLong
by Trade-Technique
26
SHORT BPCLI hope you can now see how BPCL represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
NSE:BPCLShort
by EntryandExit