BPCL LOOKS STRONGBuy BPCL for the marked targets of the chart.
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InvestPro India Team
LongBpcllevels
Long
BPCL giving a break out of cup and handle pattern.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 given a break out and can remain in bullish move tomorrow.
Let stock price to retest the support and cross 350 price level and enter
BPCL AnalysisBPCL ANALYSIS
Time Frame Analysis:
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Monthly: Downtrend
Weekly: Downtrend
Daily: Downtrend
Pattern:
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Monthly : Descending Pattern / M pattern
Price & Volume relation:
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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 catch here.
Bpcl can look for downside 320 levels and 275++ levelsBpcl 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
Short
BPCLNSE:BPCL
BPCL is showing some buying from the lower levels, can be buy above 315 for short term targets
Long
BPCL LOOKING A GOOD BUYBPCL Looking good buy in this range for upper marked targets until 290 is intact on the downside on a closing basis.
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InvestPro India Team
Long
BPCL BREAKOUT STRATEGY.Hello friends,
Here is Big Breakout in BPCL Near 375 we can Buy near 375 to 380 with stop loss of 348 closing basis for the Target of 405 and 450 in near term.
Happy Trading.
Long
Long
BPCL forming XABCD pattern 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- Swing Trade#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.
BPCL | LOOKING GOOD ABOVE 384Cummins 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
Long
Simple Trade Setup | BPCL | 17-01-2022 [INTRADAY]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 safe trade can only go long on sustainable breakout of 410 level.
But please note that it is still trading below 200DMA.
Please
BPCL Long Idea (Bullish)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 buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Long
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)
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
Long
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 i
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.
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 fram
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.
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InvestPro India Team
Long
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
Long
Simple Trade Setup | BPCL | 27-08-2021NSE: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.
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Trade Setup for Date 27-08-2021:
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 mentione
Long
BPCL - Expecting a good up move🔴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 its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a
Long