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.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Bpcllong
BPCL Bouncing off from Trendline BPCL is bouncing off from its 1.5 year long trend line. It has bounced off from this trend line every time since Mar'2020 fall, thus forming and re-forming the support. Also, Daily chart is exhibiting RSI divergence as well.
We are bullish on this stock with 480 resistance zone as target.
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 trade setup.
Happy trading :)
This is just for educational purposes.
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 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 tommorrow.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
BHARAT PETROL CORP
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.
BPCL - BreakoutBPCL looks strong from positional trade entry at cmp 469. range breakout with 4 bottoms at support zone.
BPCL ON TRIANGLE BOBPCL: Forms Tringle ,It may test 482 and after that it will consider as BO next level for 550.
Volume and divergence clearly seen positive at recent bottom and also form Double bottom on weekly chart.
BPCL - Long strategyPrices have risen from a falling trendline and have been consolidating for over 3 weeks and made it's first attempt at breaching past the last two weeks resistance levels.
RSI Levels are currently at 57.90
Go long should it cross 60 at tomorrow's opening
GMMA has ended the day with a positive momentum sign.
KST has shown a positive crossover
Prices have closed above 50 DMA and can be considered bullish
BB is showing a squeeze at 10Min time frame
KST has shown a positive crossover
Entry @ 465.10
Target: 469.49 (Rs. 4.40)
Stoploss @ 463.44 (Rs 1.66)
BPCL - SWING IdeaBPCL 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.
BPCL - Bullish Hammer at SupportNote: 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
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 single trade
Comments
Add BPCL to WatchlistIt's good to add BPCL to watchlist Since it is in range for longtime. When Breakouts give a massive Return
BPCL DAILY TIME FRAMEBPCL ON DAILY TIME FRAME WAS TRADING IN A CHANNEL WHICH GAVE BREAK OUT. BUT IT TOOK RESISTANCE FROM 50MA ON DAILY TIME FRAME.
BPCL Near Triangle BreakoutNear Triangle Breakout
Buy Bpcl Only Above 481 (DCB)
Strict SL - 453.9
Target - 550
BPCL LongIf price sustain on recent weekly demand zone then good to buy.
As per my understanding all upper supply zone are tested if we get ride on right time then target will be new all time high.
BPCL breakout+ NewsFlag breakout with good volume and also government ease in rules for sale of BPCL stake to Foreign investment
Its a Ascending Triangle. 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 .
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++
Swing trade∘ Best Setup on Daily time frame Buy at Dip
∘ Trend line support
∘ Target - all time high
Positional Trade - Weekly analysis
- Ascending triangle Pattern
- Strong trend line multiple time support , wait for test again .
- Target all time high
