Introduction:
Bharat Petroleum Corp. Ltd. is a holding company, which engages in the business of refining of crude oil and marketing of petroleum products. It operates through the Downstream Petroleum and Exploration and Production (E&P) segment. The Downstream Petroleum segment includes the refining and marketing of petroleum products....
Breakout in BPCL @398.00 Weekly Chart basis.
:: Data Point ::
Breakout Level: @398.00
1st Target: @420.00
2nd Target: @470.00
Stoploss Level: @372.00
Note: BPCL traded above 200 EMA as well as Good Volume showing its Breakout poteintiality.
BPCL can look for 318-320 dip levels for tp of 340-342
risk 1.90% and reward 7%
just watch for the levels in coming days
dc : only for educational purpose
Buy BPCL above between 558 to 365
SL 338
T1 - 387 (1:1)
T2 - 409 (1:2)
Index OIL n Gas Index will try to make higher high so Index will be bullish.
BPCL forming bullish head and shoulder pattern on weekly time frame.
BPCL formed W pattern breakout with volume
Took support from bottom trend line
Looking good for shorting opportunities, expecting it to give a nice confirmation, wait for 30 mins candle close .
Please follow me for more such trades.
BPCL Breakout happened in a lower time frame i.e on 15 minutes.
So the next Target expected for BPCL is 297/285.
IN my previous calls, I explained about the movement of the BPCL, ADANIET and JSWSTEEL. Check my prev calls.
Explained about SL and the Target in the video posted in TradingView
Tradingview ( TanujaK) is my profile.
NOTE: Published Ideas are for...
#BPCL @BPCL
BPCL 10% movement downward ;
Breakdown happened on lower timeframe, so expected target is 295
Almost 10% profit
NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
NOTE: RESPECT The risk. SL should not be more than 2% of the capital.
Happy Trading
Looks like the trend is over
The stock may go for a correction now
Risk to reward looks better
Trend may take a pause at 336/328 areas
which can be considered as short term target
Inverse Head and Shoulders Continuation:
This pattern forms in an extensive upside rally. It consists of a left shoulder, a head, and a right shoulder.
At the end of the left shoulder, a minor correction takes place on the upside which happens on the low volumes comparatively the starting of the left shoulder. After this again a down move can be seen on large...
BPCL on the daily time frame has given a break out of a cup and handle pattern.
The stock has taking a halt near the resistance zone and gave a break out after a selling off from the level.
3 points confirmation.
1. Break out of the cup and handle pattern.
2. Closed above both the moving averages.
3. High trading volume on the break out.
The stock has finally...
BPCL looks bearish as it falls below 399 support and goes back 5 days.
BPCL made a big belt candle and started falling. According to past performance, if the trend is weak, the price will make a bunch of bearish candles. The swing dealer can wait for the T1 356 to break.
But if the market breaks the level of 399 , there may be a bullish movement in the...
NSE:BPCL
This is swing trade
The stock is at support zone and have taken support zone
The first target is at 325 and second target is at 345 there is small resistances at 315 .
This is for educational purpose .
BPCL ANALYSIS
Time Frame Analysis:
--------------------
Monthly: Downtrend
Weekly: Downtrend
Daily: Downtrend
Pattern:
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Monthly : Descending Pattern / M pattern
Price & Volume relation:
------------------------
Volume is supporting on Daily, Weekly & but on Monthly not.
Conclusion: We will take entry only when Support breaks or Viceversa, Good RR we can...
Bpcl can look for 320 levels and 275++ levels only below 360 below closing on daily basis with sl of 400 on dcb
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Disclaimer : only for educational and learning purpose
On a daily chart, BPCL forms W pattern. Good to go long after the BO of the resistance zone. Buy@ 330 on the day closing candle for the target price of 350-360 with SL 318-320. The stock also crosses the 50 EMA level. This is for your education purpose only.
RRG charts suggest improving of Oil n gas and PSE sectors
As BPCL falls in both, chances of breakout remain very high
Break n sustain above 335 will be crucial level to watch
Above tat stock as a direct stop at 370 - 400
