Today Bharat Petroleum has reclaimed the 50-day moving average .
The stock closed 6% up on a 498.7% greater volume than the 50-day average.
Rising stocks often rebound from their 50-day lines as big investors
You may want to keep an eye on the stock for further supporting actions.
Disclaimer -
All information on this page is for
educationaland learning...
BPCL has given breakdown below the support zone on daily chart.
Entry
We can go short on next candle.
Target
We can keep target as the next support zone as marked on chart.
Stoploss
We can keep the stoploss above the support zone.
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BPCL Breakout happened in a lower time frame i.e on 15 minutes.
So the next Target expected for BPCL is 297/285.
IN my previous calls, I explained about the movement of the BPCL, ADANIET and JSWSTEEL. Check my prev calls.
Explained about SL and the Target in the video posted in TradingView
Tradingview ( TanujaK) is my profile.
NOTE: Published Ideas are for...
#BPCL @BPCL
BPCL 10% movement downward ;
Breakdown happened on lower timeframe, so expected target is 295
Almost 10% profit
NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
NOTE: RESPECT The risk. SL should not be more than 2% of the capital.
Happy Trading
both side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books
BPCL is near resistance zone on hourly chart.
Long
we can go long if price breakouts & retest above the resistance zone. stoploss below the resistance zone. target will be the next resistance zone.
Short
we can go short if price makes strong bearish candle near resistance zone. stoploss above the resistance zone. target will be the next support zone.
Please...
Pls note: This is completely my perception.
NSE:BPCL
BPCL seems to be on continuous raise from 290 levels with correction and again forming Higher Highs.
356 will be one minor Hurdle - if the cross sustains this level -- we should see strong upside candles in a short period.
Based on the Below chart -
From a Monthly Futures perspective - BPCL's current...
Looks like the trend is over
The stock may go for a correction now
Risk to reward looks better
Trend may take a pause at 336/328 areas
which can be considered as short term target
Inverse Head and Shoulders Continuation:
This pattern forms in an extensive upside rally. It consists of a left shoulder, a head, and a right shoulder.
At the end of the left shoulder, a minor correction takes place on the upside which happens on the low volumes comparatively the starting of the left shoulder. After this again a down move can be seen on large...
We can see a breakout in the trendline of BPCL, which acted as a resistance at multiple levels. This breakout is followed by the crossing of the stock price above 200 EMA and a retest. The stock price has shown us a buy signal with the help of a strong green candle formation. We can expect the stock price to move to 379.45 as it will act as strong resistance in future.
BPCL on the daily time frame has given a break out of a cup and handle pattern.
The stock has taking a halt near the resistance zone and gave a break out after a selling off from the level.
3 points confirmation.
1. Break out of the cup and handle pattern.
2. Closed above both the moving averages.
3. High trading volume on the break out.
The stock has finally...
BPCL : As per the analysis drawn, it seems that the short is triggered and that the bullish strength should now start to wane.
This should lead to a move towards the sell side, which will eventually come into play.
The short-term trend seems to be in favour of the bears and a sell around 340-342 with a stop loss near 347 looks like a good idea for a potential...
NSE:BPCL
Good to keep on the radar
Always respect SL & position sizing
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Trade Secrets By Pratik
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Disclaimer
SEBI UNREGISTERED
This is our personal view and this analysis
is only for educational purposes
Please consult your advisor before
investing or trading
You are solely responsible for any decisions
you take...
