BPCL
BPCL seen in bullish trend.On daily chart BPCL chart is showing the strength in the stock in today's last one hour bulls are pull up the stock .After 16 days again stock is ready for the breakout level. So keep the stock in your watch list & watch the given levels. This can be go long for 340-345 and always keep your reward to risk ratio. The idea sharing for educational purpose only.
BPCL moving toward 375BPCL crossed weely resistance zone and maintaining a level above 325 can touch 375
Indian Oil | Intraday Short | Strategy | 01-Hour basis | #IOC @ 72.25
This is an interesting study of #IOC chart on 1-hour basis:
- Period : MAY 2020 (12 trading days)
- Observe behaviour of candles in GREY and YELLOW
- On any GREY candle - the high point of one-hour remains higher for the entire day
- So an intraday SELL strategy can be initiated for a gain of maximum average of 2-3 points daily
- For protection a small SL can be placed upon higher level of 1st candle
- SL to be based on one's own capital (it can be 0.25 or 0.50)
- If you see YELLOW candle, this is the only day when TREND reversed
- But there is a SUCCESS on all other 11-days
Jai Hind!!
IOC BUY Above 76 , target 79/82/86 ( Not Intraday ) IOC BUY Above 76 , target 79/82/86 ( Not Intraday )
BPCL on edge of 52 weeks - ABCD Pattern with lower support trendas we can see there is a clear abcd pattern where price is ranging within that. there is no breakout seen. infact we see a lower support breakdown to occur and with targeting new 52 week lows.
Trade must be taken after the breakout of lower support.
there might 1 : 8 profit sharing ratio.
stay tunned ...
BPCL make or BreakBPCL if able to maintain a level of 325 , can move upto 370. On weekly timeframe BPLC trading around important support of 320.
I am a beginner, sharing my ideas to get your feedback and improve. Will update once i trade in this script
BPCL vigorous stock for invest in......!!!!For long traders it is advisable that maintain stop-loss 311 nearby and trade. The stock is showing that it will move in a up direction.
----30 min chart----
For short term traders it's a big question is it a break, or price will fall down?
Answer is if price cross 323.5 level it will be conform that the stock is going for up-trend after breaking the down trend and make a new channel.
BPCL going to 304 levels if twomorrow is not a gap upBPCL is going to 304 levels if twomorrow is not a gap up opening
keep your eyes on support if it breaks price decline will be fast use VWAP on 5 min time frame to make your call
technicals are also weak
short sell in my opnion for target 304
please tell me if you find any error and suggest me stocks that i should analyse
BPCL NSE:BPCL
COULD THIS BE A DISTRIBUTIION ....WILL WE SEE A DOWN FALL FROM HERE ....OR WILL THIS GO UP
BPCL NSE:BPCL
I SEE A INSIDE BAR HERE ON DAILY CHART ONCE IT STARTED TO FALL FROM REJECTION ZONE WILL THE FALL CONTINUE LETS WATCH
BPCL NSE:BPCL
STRONG RESISTENCE IS @ 370
AND SUPPORT @ 340
IF THE PRICE MOVES UP AND CROSS 370 THEN WE CA GO FOR LONG UNTIL THEN IT WILL BE SIDE WAYS AND AS THE OIL PRICE ARE DECREASING WE CAN SEE IT INCREASING FOR LOWER SIDE IT HAS CROSS BELOW 340
BPCL: At resistanceBPCL
In our previous coverage on BPCL when the price was at 272 we had given a view that chart set up suggests upside movement towards 306 / 332
At current levels the stock has resistance at 366 / 385 odd levels
One may consider selling BPCL 380 Call option
between 10-12
The strategy has in built protection against loss for a rise up to 390-392 in Cash market price
Take care & safe trading...!!!
