BPCL crossed weely resistance zone and maintaining a level above 325 can touch 375
#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...
Good intraday short opportunity in BPCL Sell below 307📉
IOC BUY Above 76 , target 79/82/86 ( Not Intraday )
as 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 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 Long position above 375 on candle close basis. T1-395 T2-403 Place SL @365
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...
BPCL 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
NSE:BPCL COULD THIS BE A DISTRIBUTIION ....WILL WE SEE A DOWN FALL FROM HERE ....OR WILL THIS GO UP
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
If the market doesn't show much strength, this can be a good short.
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