How to Do Swing trading in BPCL ✺----------------Drop a follow here: @Averoy_Apoorv_Analysis ✺ I post Good and potential trading ideas on daily basis on this page of mine :)
✺✺ Target: 1000 Followers ✺✺
Chart Type: Falling wedge type consolidation going on in 1hr TF, A possible good trade can be initiated here with a risk of 3% and Reward TGT of 4% - 6&, Possible activation only on 1hr Breakout from this consolidation and close too = good to go long, SL would be according to your own risk and manage according to yourself
✺--------------------------- Motivational and psychological area ✺
✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only.
✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow
✣Don't lose hope and keep grinding
✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily.
✣Focus on the process, you are here to make money not stupid decisions, and lose it all
✣No one will help you climb the mountain, few will tell the path, so follow good peoples, make good mentors and make good decisions and choices in the stock market.
✣Believe in yourself :)
✺------------------------------------ Some info-------------------------- ✺
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼I don't take all the trades I post
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
<<<<<< Thank You Have a Nice Trading Day >>>>>>
Bpcllong
BPCL Stock Update on Previous Breakout and TargetHello Everyone,
Few days back BPCL technical breakout on weekly charts was updated and this is follow up update, we have projected BPCL to move towards 540 & now BPCL reached till 485 slow and steady move in BPCL.
Let's hope for the best that in few days it will reach to 540 levels.
For Educational Purpose Only
If you like the stock idea please hit like and also share.
BPCL | Full strategy | Description for details 🔰 Hello my friends, here is the story I see behind this stock:
⭐Fibo: Might come on 0.3 or 0.5 seems good to buy here :)
⭐Pattern: Ascending triangle
⭐Volumes: HUGE on the D chart
⭐Possible trade activation on green zones + fibo retracement and hold if broken the ascending triangle neckline
⭐Trade will be activated on 1D if it makes a green bar on those lvls
⭐Risk: closing below trendline = SL and target = Winning trades should be trailed only :) ( my thinking, still if u want lvls i can provide them in comments :) )
🔰Am I taking this trade: No---Reason: Already in the trades of Naukri and PPL as posted last time :)
🔰 {Some info}
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
<<<<<>>>>>
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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BPCL - Ascending Triangle with Cup & Handle formationThe market structure has been Bullish on a higher time frame. The price has been moving in the ascending triangle for a long time. In addition to this, the cup and handle can also be seen
which makes it a high probability setup. The target of Ascending triangle and Cup & Handle are almost overlapping in the 620-630 zone.
You are always advised to use an appropriate Risk-Reward ratio as per your strategy.
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P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk.
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 Bullish for swing or short term Trade.NSE:BPCL
BPCL on daily chart looks bullish for swing or short term trade.
On daily chart of BPCL after price rejection from 436 on 9th of February 2021 it did not received proper follow through for selling and went sideways for few days.
On 17th February 2021 though it made Gap Down opening which at that time seems like good opportunity for seller but if you observe the daily candle of that day its seems sellers were weak and they didn’t managed to keep the prices lower and hence day closes near the high which indicates that there is very less supply in this stock at least for now.
Result of which we are seeing today is stock prices are moving higher and day’s closes likely to be near its high which is going to be good opportunity for swing or short term trader. But one can prefer to wait for a breakout to the resistance level of 436.
SL for this trade is going to be at 375 while targets being of 480 and 520.






















