BPCL: 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.
Prices 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...
BPCL 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.
Note: 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
🔴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...
It's good to add BPCL to watchlist Since it is in range for longtime. When Breakouts give a massive Return
BPCL ON DAILY TIME FRAME WAS TRADING IN A CHANNEL WHICH GAVE BREAK OUT. BUT IT TOOK RESISTANCE FROM 50MA ON DAILY TIME FRAME.
Near Triangle Breakout Buy Bpcl Only Above 481 (DCB) Strict SL - 453.9 Target - 550
If 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.
Flag breakout with good volume and also government ease in rules for sale of BPCL stake to Foreign investment
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 .
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++
∘ Best Setup on Daily time frame Buy at Dip ∘ Trend line support ∘ Target - all time high
- Weekly analysis - Ascending triangle Pattern - Strong trend line multiple time support , wait for test again . - Target all time high
✺----------------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...
Hello 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.
Stock is at resistance showing good chart patter (ascending triangle -> flat top) good upside movement can be seen --> hold for medium term of 6 months