BPCL has done an extraordinary move over the past 34 trading days and closing the week at the support level. Can be a potential short if it opens below 488 for downside target of 448/418. For longs, need to wait for the price to close above 538. I think that temporary top may be in.
BPCL (Bharat Petroleum Corp Ltd) SELL BELOW 512
The following factors are -ve. Price is too far from 20 M.A. Tail found at the area of over-reaction. Wave(5) is so close . The price is out of trade channel area. Professional and smart money investors whatever you called them such as Speculators, Arbitrageurs, Fund managers, insiders, etc. are already entered near the wave (4). Focus on...
TREND ANALYSIS Follow Chart Instruction. Do not be Hurry for entry. Wait for Proper Entry Setup. Buy/Sell with Best Risk Reward. Educational Chart Only. You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX. Risk Reward 1:7 to 1:12
will short BPCL on Monday #POSITIONAL will add more if 446 comes on BPCL
GO go short from the 405 and target of 400 , target-2 396
At Important Daily Resistance Area. Wait for the momentum to slow down for short entry. If same momentum continues it may break above.
Bpcl has been beautifully consolidating on weekly and is looking good to make a explosive move in coming weeks. Buy on the breakout for a possible new ATH. Dont forget to join our absolutely free telegram channel www.t.me and be the part of most profitable telegram family of Indian equity investors.
Breakout in BPCL on daily time frame with good volume It is at the 50 MA and below 200 MA, but close to 200 MA, if it crosses 50 & 200 MA then it would jump further high. Possible supports & resistances marked on the chart
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BPCL (Bharat Petroleum Corp Ltd) BUY ABOVE 363
only Buy if Crosses 315.5, otherwise ignore...
PAIR TRADE IN IOC-VS-BPCL BUY IOC FUT @125.5 QTY:1 LOT BUY IOC CASH @126.45 QTY:1115 SHORT BPCL FUT @345 LOT:1 WAIT FOR EXIT SIGNAL