We 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.
hello traders this is just a idea i am not a financial advisor thank you
NSE:BPCL Observations: 1) On Daily Time frame Yesterday it broke 50DMA and today it took support from 50DMA. Please refer chart below : daily time frame. 2) On Daily Time frame: Also it breakout the range today. Please refer chart below : daily time frame. ------------------------------------- Trade Setup for Date 27-08-2021: 1) Don't Jump...
Target:- 538 Stoploss:- 457 Stock already take support on the support line and showing upside interest with green bullish candle. So we can take long position on it.
Triple Bottom and then a Higher High and Higher Low confirmation in NSE:BPCL
BPCL Reversed from a strong supply zone, hence probability of a down move is more. Recent breakDOWN on 30mins and follow through after a last kiss increase the probability of a down move. Trde plan for Monday (23 Aug 2021) can be -- Sell around 454/455 With SL at 461 Targets T1 - 448 T2 - 442
BPCL: It is going to complete Tringle can test 482 soon.
BPCL has an opportunity for swing entry with a potential of up to 495-500 level target. I am not interested in this setup because the RR is just about 1:1. Posting just for educational purposes. Rather I would trade after a breakout.
Note: This is for educational purpose only. Please do not trade in F&O based on this. There seems to be a bullish hammer at support of ascending triangle. Moreover, RSI is above 50 which indicates mildly bullish. Buy above high of the current candle. SL: ₹ 419
🔴DISCLAIMER ***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ****** Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have...
It's good to add BPCL to watchlist Since it is in range for longtime. When Breakouts give a massive Return
Stock showing short term consolidation and RISING Adx. Might give a good move on any side. Also, stock is closed below 50 MA on daily time frame and now 50 MA is acting as resistance.
BPCL ON DAILY TIME FRAME WAS TRADING IN A CHANNEL WHICH GAVE BREAK OUT. BUT IT TOOK RESISTANCE FROM 50MA ON DAILY TIME FRAME.
Near Triangle Breakout Buy Bpcl Only Above 481 (DCB) Strict SL - 453.9 Target - 550
Hi everyone its a ascending triangle and its is a one of best chart pattern . : before trading please control your emotion , and work harder and never give up . : And have a good trade .
Rational : Support & Resistance; Trend analysis
LNA stand for Late night analysis Follow me on trading view: in.tradingview.com We discuss potential stocks provided by you guys only in my DMs and comment sections so give your stocks in comments and DM me for tommorows video :) 👑 Terms used if you don't know : ✣ Contraction pattern: A pattern starting with a broadening high candlestick and low candlestick and...