Get started

BPCL

BPCL : Pullback in our Entry zone !This is simple entry setup in BPCL, I have no further views on Nifty, its getting single sided... To do some analysis, Market needs to be dynamic & spread all over the zone Up , down n range.. But All we are seeing in Nifty is just a straight line to upside, so skipped post for the day. Enough of Nifty, lets get back to BPCL, the entry setup is just based on pullback to support zone & on bullish confirmation in the zone , we can take the trade. But what if BPCL gets gap up or never comes into our zone or no bullish confirmation - No Trades As simple as that... Happy Trades !
NSE:BPCLLong
by InsiderB
3
Short on RalliesBPCL has completed Cycle wave 3 earlier this year. W5 of this cycle W3 was substantially extended. Consequently the correction in the form of W4 would also be substantial. As shown below in the 15 min chart, first set of ABC correction is already complete. The stock should now consolidate for next few days with upward bias. Consequently, the strategy here should be to wait for some upward movement and short in the 680-700 Zone. This is a heavy dividend paying stock, so be alert of such corporate activity. Note: The post is meant for educational purposes only; not a trading recommendation.
NSE:BPCLShort
by TangoTrader22