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...
What 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)
Note: 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 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.
This 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...
BPCL breakout and retracement to the breakout levels. Makes it a long for next 1 week. Target 420-425. SL - 365.
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...
BPCL 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 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.
Levels are on chart. Please like this pattern. Follow me @ tradingview for more updates!!! Thank you. Happy Trading!!!
Buy above 335 sustained target 340/342/349 with trail sl sl 319 **Educational purpose only
NSE:BPCL double " s " pattern can form aas of now it seems bullish
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.