BPCL is overall down trend, and the symmetrical triangle pattern is create it. the intraday level focus price is 368 above and short tern level focus price is 375
BPCL is forming a "W" path.
If the price of the stock convincingly breaks the resistance level of 351 and sustains go long
Support ;- 331-333
Resistance:- 362, 373.
Candlestick pattern should be checked near the levels on smaller time frame for intraday.
BPCL had broken the uptrend channel and started correcting the previous move.
It has made a falling wedge, which is on the level of 61.8%.
Price will reach 401 and may face minor resistance. But If the price gives a strong close above 401.2, we can see the following targets: 415-439-456-469 and more .
If the price doesn't make a higher low and breaks 357,...
#BPCL
Buy-Above 370
Sl-355
T- 400 430 470+
Just Because RR Is Good. Stock is making a double bottom here. However Neckline is above 410. This is a aggressive buy trade. Also above 380 we will get a confirmation to build our position.
As we see bullish divergence formation in BPCL in 15min frame we can go long after breaking the trendline and 50ema and go short below previous day low.
Cummins looking good to Buy if sustains above 384 for the marked targets on the chart.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
NSE:BPCL
Observations:
1) On 1 day time frame, we can see that after giving closing above 50DMA on Thursday , it made bullish candle above 50DMA on Friday.
And now it is near the breakout range of 400 level.
Breakout 400 will lead it to easy 405 level. And breakout of 405 level will make it bullish.
Major breakout level is 410 level. One who want to be in...
According to support and resistance, BPCL is facing resistance near 403-404 and according to candle stick pattern, it looks bullish. Intraday trader and positional trader can buy BPCL above 304 for target of 440 and more. Stop loss should be 385 on closing basis for positional trader.
Disclaimer: This is for demonstration and educational purpose only. This is not...
We shared BPCL Sell Idea @ 412 and we saw almost 8% fall from our Selling Price.
BPCL was trading in a falling wedge and is now at the verge of breakout which is a bullish sign, looks good to buy above 384 for marked levels on the chart.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Hello 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 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
![BPCL: Simple Trade Setup | BPCL | 17-01-2022 [INTRADAY]](https://s3.tradingview.com/u/uPvW4EMK_mid.png "Simple Trade Setup | BPCL | 17-01-2022 [INTRADAY]")
