BHARAT PETROL CORPORATIONHello All,
I am a learner and sharing my view on BPCL DAY CHART (BHARAT PETROL CORPORATION)
BUY ABOVE 386
TARGET 1 - 400
TARGET 2 - 435
TARGET 3 - 470+
SUGGESTION ARE WELCOME.
BPCL
BPCL for shorterm BPCL in the list, As per the analysis this is in the entry zone supported by a decent trend line. I am looking forward for a decent returns in coming weeks and my target would be 400-420-480 for short term.
Note: Only for Educational purpose and its not a advise or call
long Term TrendBpcl is in long term trend
can be bought at current price with a penny stop loss of 397
for a target of 530 Rs with a trailing stop loss..
BPCL_ 1:3 RR opportunityBPCL has shown a good moment today after a long period of fall.
It is consolidating in one zone after a good up-move with volume. If it breaks the high a good RR opportunity can be captured.
BPCL Long SL - 366, TGT - 440+ Consolidation done - Looking Strong as Lower low and higher high.
For time frame and trade education join.
** Intraday Setup for BPCL ** ** Trade Plan **
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Setup :> Here there is a Support & Resistance Zones . So be an Intraday Trader in the stock.
Entry :> Should be done on the Closest or on the Support Zone. Price Range in the chart above.
Exit/ Target :> Possibly the nearest Resistance shown in the chart.
Stoploss :> Stoploss should be kept just below the support zone.
Risk : Reward. :> Very Good (1:6)
Position Sizing & Instrument to use :> Depends on the capital and BUY in the Cash Segment i mean equity only.
The Trade :> The Stock is looking to make an upside on an intraday chart of 5 mins. Our Task is to buy the stock as near as possible to the support zone.
bounce back to be noticed in the coming daysgood stock at great discount, at this level people can accumulate at every dip
BPCL Important levels for long term investmentBPCL Important levels for long term investment
Level 2 = 343
Level 1 = 265
SELL BPCL BELOW 412We can see a fast-selling if BPCL breaks the support level of 412 on the downside and expect lower targets marked on the chart.
NOTE - Wait for confirmation as it can also take a support and move higher.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BPCL IN DAILY TF. H&S FORMATIONHello, Hope y'all are fine.
This the chart of BPCL in daily timeframe.
We have a Head & Shoulder forming here.So you can expect a downside target upto 385 and 365
Breaking the neckline will be the entry.
Multiple Touches, Ascending Triangle Breakout - Buy on Dip Weekly Support and towards Ascending Triangle Breakout.
Details on Chart.
Note: This is for educational purpose only.
BPCL - Positional LongBPCL is rising from its support and MACD signals to go long at CMP of 428
T1: 470
BPCL can crack some more. It can show 420 levels.NSE:BPCL has been cracking for sometime and weakness is still there. It can show 420 levels soon.
BPCL seems to be respecting 430 levelsNSE:BPCL took support around 430 levels. It seems to be respecting the levels. This could be demand zone.
Simple Trade Setup | BPCL | 25-10-2021 [ INTRADAY]NSE:BPCL
Observations:
1) On daily time, it has been taking support from 200DMA and facing resistance from 50DMA.
Breakout of 50DMA will give quick up move.
50DMA is placed @ 455.19 level and 200DMA is placed @ 442.63 level.
Please refer below chart : 1day Time Frame.
2) On Daily time frame, we can see support range of 450-453 is now working as resistance.
Please refer below chart : 1day Time Frame.
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Trade Setup for Date 25-10-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
BPCL FELL 10%! WHERE TO BUY AGAIN? BPCL had an event today, where the dividend was issued. The dividend was 58 per share.
However, the stock price fell so much as 10% in a single day, and that too in pre-market minutes.
There will be a long unwinding as a consequence. If the price manages to stay below 445, it could come down to the demand zone which is also a PRZ of XABCD bearish shark pattern.
The levels are mentioned on the chart.
If the price rises past the 481 level, then the previous idea which I had published may work.
Happy trading :)
This is just for educational purposes.
LONG BPCL SHORT TERM VIEWLokk for these important levels in BPCL. Soon will reach level 500 in short term.
BPCLAfter one bear trap price came up to this much. And I heading this up to next resistance as a swing trade...
Buy BPCL on dipBPCL should hit the bottom trendline. This meet should happen when the price touches 200 dma.
After that it moves about 15-20% upwards to 500.
Let's see how this goes.
Do your own DD.
A little more time from nowEnter if it closes above 560
SL 490
Target: will update according to trend.
Note: Trade at your own risk.
BPCLBPCL has given a good breakout.
Buy- CMP
Target- 464.40, 474.90, 484.35, 492.95, 502.90.
SL- 429 (trail SL to CTC after achieving the second target).
(TARGET CAN COME BEFORE DIWALI OR TILL DIWALI)
IOC - Swing TradeIOC is a buy around 101 with Stoploss of 98 with a 15-20% upside in next two months. Target is around 118 - 120
BPCL AnalysisGood Breakout today after the big gap down and also recovered quickly, can expect a good upside momentum in the upcoming days
*Broke the resistance of 444 and once it becomes the support level. shareholders can see some green in their portfolio.
not much to worry for Medium and long term investors
*swing traders, short term traders need to trail Stop loss for some days.
