Sharp 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++
There are two buy prices in BPCL. If BPCL crosses 490 then can be bought from the given levels for the given targets.
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.
Buy - Between 415-420
SL - 395
Target- 440 460 480
Note:- I am not...
BPCL (NSE Cash)
Market cap is above 241.297b
Volumes are above 666.887k
Average volume is 2.28
Float is 77.522M
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...
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.
InvestPro India Team
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.
I 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...