BPCL
BPCL TRADE SETUP FOR TOMORROWBPCL share has given breakout on today once it closed above 496.
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So, Now the tomorrow we can see the good upward momentum on tomorrow.
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We can make a entry at 499 with the stop 3 or 4 and Our target would be 510.
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Risk Reward Ratio is around 1:2.
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What do you think comment below in the box.
BPCL Breakout Pullback ContinuationBPCL broke out of its resistance zone of 480, pulled back to the support zone and has exhibited continuation from the breakout. Good time to enter Long for the next resistance zone of 550 as target.
Simple Trade Setup | BPCL | 14-09-2021NSE:BPCL
Trade Setup for Date 14-09-2021:
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.
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.
BPCL (swing)Broke a long time weekly time frame , it was trading in a symmetrical triangular pattern as well , finally a good breakout today , entry 498, stop loss 478, can expect first target at 530
Simple Trade Setup |BPCL | 13-09-2021NSE:BPCL
Observations:
1) On Weekly Time frame, It game rounding bottom breakout and then in last week it made hanging man candle.
This Hanging man candle will be a sign of bearish move if the stock fails to trade above and close above the high of this hanging man pattern.
From the chart we can see that for next bullish move it has to break and trade above 496 level otherwise there will be down move in coming days as a part of profit booking.
Please refer below chart : Weekly time frame.
2)On 15 Time Frame: It has been trading between 485.50 to 492.50 since last few days.
Please refer below chart : 15min time frame.
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Trade Setup for Date 13-09-2021:
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.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
BPCL 750 ? PossibleMy earlier bearish view on BPCL got negated as this stock kept making Higher highs and lower lows.
On daily chart it is giving a no brainer breakout which will come quickly. I am sure media guys will take it forward from here. That green channel is where the stock may retrace a bit and then mega move can come.
This is just a chart pattern discussion. Please trade your hard-earned money on advice of a registered stock market expert. I am a newbie trader :)
BPCL WeeklyGiven breakout in Daily TF. Can break the falling Wedge in Weekly TF too. Could be a good early entry above 138.
BPCL pre-market intraday analysis and setup🎇Hello Traders👋
Today i have made a post on BPCL 15m
I hope you find this post helpful and informative👍
The targets and stoploss would be given in the charts or they would be according to pivot points
Thank You
—DISCLAIMER—
I am not a SEBI registered financial advisor
Please consider your consultant's advise a must , all the setups posted here will be considered as informative and educational post
I shall not be responsible for your profits and losses
BPCL | BUY ABOVE 500We can see free buying coming in this stock once sustains above 500 and we can see 535 and upper targets in near future.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BPCL can move 30% from here...keep it on radar bpcl formed wedge pattern if closed above 505 then it can show 550/600/650
BPCL triangle pattern breakoutBPCL breaking the ascending triangle pattern for an upmove towards 550. Dividend will also boost up buying atleast till the record date.
Stock closing below trendline may show bearish nature. FYI only.
BPCL Bouncing off from Trendline BPCL is bouncing off from its 1.5 year long trend line. It has bounced off from this trend line every time since Mar'2020 fall, thus forming and re-forming the support. Also, Daily chart is exhibiting RSI divergence as well.
We are bullish on this stock with 480 resistance zone as target.
BPCL PRICE ACTION ANALYSIS. PRICE TARGETSBPCL is trying to break the resistance at 481, which has not been sustained since last year. If BPCL manages to stay above 481, then we can see momentum to the upside.
Go long above 481 and place a stop loss below 440. This is a monthly timeframe analysis, so we can provide some time for the price to adjust in case of a fall. Add more quantity when the price comes to test the trendline on the chart.
The targets are given by the XABCD bearish butterfly pattern. This is a very good risk-reward trade setup.
Happy trading :)
This is just for educational purposes.
BPCL about to give breakoutWe may see a breakout in BPCL tomorrow. A sharp move is expected from here.
BPCL for long entryKeep an eye on BPCL, if able to BO the resistance area above 472 then we can go long . Stock forming HH on the charts. Entry only after the BO of the area.
BPCL Swing IdeaWe can expect 490 & more..in coming days
It has broken out of the supply zone and has also retested the zone.
Hence, we can expect more in this..on long side.
BPCL intraday setup 15m charthello traders
this is just a idea
i am not a financial advisor
thank you
