BPCL
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...!!!
BPCL KEY LEVELS SUPPORT AND RESISTANCE 20/04/2020Key Levels for BPCL:
UPPER BREAKOUT~366.65
FIRST TARGET~373.90
INTERIM RESISTANCE~382.45
FINAL RESISTANCE~391.70
LOWER BREAKOUT~354.75
FIRST TARGET~347.50
INTERIM SUPPORT~339.55
FINAL SUPPORT~332.95
Please trade with caution and consult your financial adviser before trading.
BPCL KEY LEVELS SUPPORT AND RESISTANCE 17/04/2020Key Levels for BPCL :
UPPER BREAKOUT~362.65
FIRST TARGET~373.20
INTERIM RESISTANCE~389.05
FINAL RESISTANCE~400.95
*****************************
LOWER BREAKOUT~348.15
FIRST TARGET~340.25
INTERIM SUPPORT~330.35
FINAL SUPPORT~320.65
Please trade with caution and consult your financial adviser before trading.
BPCL KEY LEVELS SUPPORT AND RESISTANCE 15/04/2020Key Levels for BPCL :
Upper Breakout~349.70
First Target~357.15
Interim Resistance~361.55
Final Resistance~371.35
**Lower Levels**
Lower Breakout~339.85
First Target~334.90
Interim Support~329.30
Final Support~322.50
Please trade with caution and consult your financial adviser before trading.
BPCL KEY LEVELS SUPPORT AND RESISTANCE 09/04/2020Key Levels for BPCL are :
Upper Breakout~345.80
First Target~350.70
Interim Resistance~355.60
Final Resistance~360.05
**Lower Levels**
Lower Breakout~338.65
First Target~335.10
Interim Support~331.05
Final Support~325.70
Please trade with caution and consult your financial adviser before trading.
short target for BPCL in upcoming days is 208.10short target for BPCL in upcoming days is 208.10, cmp 344.30
BPCL: Will it bounce or fall further...???BPCL
CMP 272
The stock needs to protect 262 -252 zone on closing basis for target of 306 / 332
Alternatively if the stock is unable to hold above 262 it may be a signal of further weakness and potential target on the down side comes around 236 / 206 / 196
Important levels have been identified
Plan your trade accordingly...!!!
Long on BPCLTarget of 395, roughly 25%
Do your own analysis before taking any decision
Comment if you have any doubt or any suggestion for improvement in the idea
Neutral on BPCLBPCL can move either side.
Chart analysis shows it has broken the support zone and should head down towards 360 levels
But privatisation and fall in crude oil price can push the price up.
Due to coronavirus, the market is mostly based on the news rather than technical.
Upside target of 503
Long on BPCLBPCL has broken the weekly trendline (white colored line) and also retested it on last friday.
BPCL has yet to break the green trendline , which would confirm the bullish flag pattern and shift BPCL's momentum towards bullish .
BPCL has used the orange line, which was previously a resistance, as a support and is ready to bounce up.
Target 500 with SL at 460
Long on BPCLBPCL has already broken its long term trendline for a long move. A breakout from the other trendline will confirm the uptrend for a target of 473 with a stop loss of 461(Risk to reward of 1.5).
BPCL in support AreaBPCL is near to Support area 472-475 is that but lets see wait for confirmation
Trend line also showing same but let's see volume and price where it open and if sustain above 585 then may see target 500+
