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
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.
NIFTY ENERGY SECTOR Headed for a great upmove.NIFTY ENERGY SECTOR is forming and inverted head and shoulder pattern. The sector has broken out on weekly TF. The stocks in this space can move great over the next few weeks.
Your SL in this sector would breaking of right shoulder low.
Look for stocks like Tata Power, Adani Power, GAIL, BPCL expect a good run up in these stocks.
ONGC as per chart it looks too good for grab
add in small qty, energy sector looks too much promising in last few days.
SL 115 for short term and 110 for medium term investors looks good.
BPCL - Looks good. Crossing 450 decisively will push higherBpcl - looks good to accumulate. Crossing 450 decisively could push this higher upto 480.
best intraday stock for tomorrowmy first pic is bpclf you are looking for a PSU vacancy? you can find the requisite information about the latest jobs and current openings at BPCL website.
Bpcl trying to fill the GapBpcl is making a cup handle pattern a sign to fill its gap of 12% DIVIDEND Buy Cmp Target @443😊
BPCL Ready to Fill the GAP - BPCL Ready to Fill the GAP -
Its making a Cup and Handle formation, it would then fill the GAP.
TRACK BPCL NSE:BPCL
ITS bouncing back from the support Zone, can be GOOD if sustain above 424
MY TARGETS DRAWN ON THE CHART
BPCL Intraday Strategy Buy BPCL at 430+
Target Price :- 432, 433
SL :- 429
This is not a trading call
only for education purpose...
if am wrong then please let me know....
Thanks in Advance
Simple Trade Setup | BPCL | 28-09-2021 [INTRADAY]NSE:BPCL
Trade Setup for Date 28-09-2021:
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.
5) If you are in short trade then be quick in profit taking.
My personal view is bullish if it sustain above 422 level.
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 respsective level considering how price action works near that level.
BPCL ready for uptrendFORMING "W" pattern :
when entry position with target of 2-2.5 % Swing trade /btst
Btst 2-2.5 % is good as the share will not get into your for 2 days you dont have to get charged for DP charges best part the charges will be like intraday
Could wait for more days for better return but currently doing swing BTST only per week only 2 -3 trades with 2-2.5 % target safer and also getting
20-25 % return/month . Target for this year to continue to do like this for making 240 % .
BPCL : Good to go long above 423BPCL : Good to go long above 423
Reversing from low levels. wait for closing above level.
