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BPCL

HOW I TOOK A 10% MOVE IN BPCLTrading the fibonacci retracement level is one of the things i love but with good volume its a pie with an extra chocolate. This is how is took a 10% move in bpcl . When the stock made a 6% move on 16th July I opened its charts and studied it, I saw the stock was near 50% retracement level.The stock was showing strength, I wanted to make a move if it crossed 50% retracement level. I bought it at 396 when i saw good volume and price near 50% retracement level with a stop loss of 385 and sold it at 440
NSE:BPCL
by aryanamar
4
BPCL Retesting for Intraday once again So we have now triple confirmation which only comes from price action 1.It is the pullback in the downtrend and retesting the major trendline. 2.Price has created double top at the major trendline. 3.The wick rejection is perfectly at the 50% Fib retracement area. Please also have look at Nifty It is not advisable to trade against the Nifty Trend So we have multiple reasons to take a wining trade now I can be completely wrong so please analyze your own also And if any help needed contact me!
NSE:BPCLShort
by Rv-The-Trader
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 .
NSE:BPCLLong
by Tech_stock_trader
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.
NSE:BPCLLong
by Tech_stock_trader