BPCL SellSell BPCL today if it breaks yesterdays low.
It has broken traingle pattern on daily chart as well as hourly chart
This is for education purpose only
BPCL
INTRADAY BPCL CHARTBPCL has come out of a beautiful trendline support!
Wait for a pullback and then enter with proper stoploss!
BHARAT PETROL (BPCL) Trading SetupDisclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
BPCL stock to be taken for long On daily chart we have seen stock in the uptrend & forming the cup & handle pattern. Now long entry can be taken for the next level for 425. This stock may face the minor resist. level @ 403. After this stock can touch the level of 425. So add the stock in your watch list to see the price action movement.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .
bpcl 2 formations in dailyWhat a Lovely Chart Pattern Formed In Here.
1) First It Has breached Ascending Triangle Pattern(White Lines)
2)Secondly, it has formed a symmetrical triangle
Pattern(Yellow Lines)
Bharat Petroleum - Awaiting Bullish breakoutNote: This is for educational purpose only.
BPCL is seeing rise in buying volume.RSI above 50. Moreover, ascending triangle indicates bulls are taking control.
BPCL on "BULL MODE" ??BPCL wave 3 is all ready to break wave'1 high, aslo breakout of triangle can be seen.
Seems you'll get to see 415-420 in this week itself.
BPCL intraday long taken in BPCLThis is just for your pure educational & learning, After the long break out of channel we have taken the long entry at the level of 365 for the target level of 375. This can be taken for intraday & swing entry. our most members of day traders already booked at the level of 370 & others are waiting for the next level of 375. Simple price and action trade.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .kindly follow & like for more educational ideas.
BPCL Long Positional - for next week.BPCL breakout and retracement to the breakout levels. Makes it a long for next 1 week. Target 420-425. SL - 365.
BAD Q4 RESULTS OF BPCL CAN NOW BE REFLECTED IN PRICE?GOING DOWN.AFTER Q4 RESULTS OF BPCL POSTING NEARLY 1300 CR LOSS AND BEING STRAIGHT UP BY 5 TRADING SESSION ITS TIME TO TAKE A BREAK NOW. TODAY WE HAVE SEEN THE BIG RED CANDLE ON DAILY CHART CONFIRMING BULL LL NEEDS TO CALM DOWN FOR NEXT 2 3 TRADING SESSIONS .
BPCL FACES STRONG RESISTANCE NEAR 399-405 LEVELS
THERE ARE CHANCES OF GOING BACK TO 390 LEVELS TOMORROW BUT
WHEN AGAIN ,IT COMES TO 380 LEVELS BE READY TO SHORT
SELL @377.5
TARGET 361
CONDITIONAL SELL
SL 390
BPCL bullishBPCL took support from an important level i.e. (240-250) and now is shooting higher.
Positional traders can enter after 375 level is breached with stoploss of 300 and target (450/550)
As the major trend is bullish (once 375 level is breached) intraday players can look for various buy opportunities.
BPCL: Chart view & strategyBPCL
CMP 350.5
- the stock has taken resistance exactly at 76.4% retracement at 355 odd levels
- given the set up one may consider to 370 Call option currently at 12
Lot size 1800
Max profit potential Rs 21600/- per lot (yield potential of 8% til 25 June)
In built loss protection for a rise up to 382 in spot price
Take care & safe trading.
BPCL - Trading Levels in the RangeCurrently the stock is in a defined range. One can use these levels for trading purpose.
Synergistic Pattern: Double bottom + Triangle + Cup_HandleLevels are on chart.
Please like this pattern.
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Thank you. Happy Trading!!!
