Add BPCL to WatchlistIt's good to add BPCL to watchlist Since it is in range for longtime. When Breakouts give a massive Return
Bpcllevels
BPCL Near Triangle BreakoutNear Triangle Breakout
Buy Bpcl Only Above 481 (DCB)
Strict SL - 453.9
Target - 550
BPCL Ready To MoveSharp fall has been seen in BPCL since last 1 Month.
The trendline has been taken out indicating that the correction has been over.
According to our Half Bat BPCL will reverse from 400-445. And the Green Trendline is the major support for BPCL.
Buy- Between 440-445
SL - 430
Target - 465 480 500++
BPCL Analysis- Buy For 30%There are two buy prices in BPCL. If BPCL crosses 490 then can be bought from the given levels for the given targets.
Buy-Above 490
SL - 465
Target- 530 565 600 630
And If BPCL comes to the range of 415-420 then also it can be bought from the given levels for the given target.
Support Buy
Buy - Between 415-420
SL - 395
Target- 440 460 480
Note:- I am not SEBI registered . All Views and trade setups are my personal view and my personal trade setup.
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BPCLBPCL (NSE Cash)
Market cap is above 241.297b
Volumes are above 666.887k
Average volume is 2.28
Float is 77.522M
LTP: 423.05
Support: 413.55
Resistance: 434.60 / 441.85
Daily charts (long term)
A bullish engulfing candle was made on 22nd April followed by a confirmation green candle on the 23rd.
There is a reversal seen in the DEMA as well. 5 DEMA has crossed 100 DEMA and is on the way to cross 10 DEMA. Once 5 DEMA crosses 10 DEMA and both of them cross the 20 DEMA we can expect a steep bull run.
The volume is in greens as well.
MACD, though in the bear zone has started a reversal. We will soon see MACD climb in the bull zone if the momentum continues.
RSI is in an uptrend. It is now in the neutral zone which is very close to the 50 mark. We may see a bull rally once RSI crosses the 50 mark and sustains.
***All signs for long term are bullish.
Hourly charts (medium term)
DEMA is aligning. It is messy at this point but the reversal is quite prominent.
Higher tops and high bottom formation is seen which is a bullish trend.
The last volume bar is strong and green.
MACD is in the bull zone and looks strong.
RSI is well above the 50 mark and looks strong as well.
***Again, all signs are bullish.
15m chart (short term)
DEMA is well aligned and the candles are holding strong above it.
Volumes look good.
RSI is in the bull zone and is strong.
RSI is above the 50 mark and looks strong as well.
*** All signs are bullish.
Can buy now and add if the prices come down for short term targets of 440+
BPCL FuturesWe can see a Bullish Engulfing candle on the daily charts which is a strong buy signal.
Whoever wants to go long can go long at current levels.
LTP is 419.65
BPCL Made the Short Term Low?The stock has taken support at 200 MA and we may see higher levels until 200 MA is intact on the downside.
To motivate me, Please like the idea If you agree with the analysis.
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InvestPro India Team
BPCL... We May See Breakout SoonIf stock sustains above the pink line, we may see the targets of 414, 426 and 436.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Watch BPCL for Reverse Head & Shoulders Breakout!!BPCL is now within its strong supply zone!
It tried to break out a few days back but quickly retraced.
Now if it is able to cross the psychological level of 400+ with volumes then the target is 464.
Cheers!!
BPCL - Descending Triangle bearish breakoutNote: This is for educational purpose only.
There is a bearish breakout in descending triangle with ultra high volume.
SHORT BPCLI hope you can now see how BPCL represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
