Momentum is good Volume is good above 200 dma forming symmetric triangle Buy above Previous Day high with sl 395 Target 482, 520
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...
bpcl swing trade tgt 1 and tgt2 possible if cross tgt 1 and close
In the daily chart, we can clearly see that BPCL is taking support from the bottom of the parallel channel. Take long positions for the longer targets.
Piercing Pattern found in BPCL. Target whatever level you are comfortable with. Stoploss - lowest low of the two candles
BPCL took support at the long-term trendline. I am going long for a swing trade with an initial target of 420.
Note: This is for educational purpose only. There seems to be an inverted bullish hammer at support of ascending triangle. RSI seems to bouncing from support line.
BPCL taking support near round level 400 and testing previous triangle breakout level.
BPCL weekly chart updated for Educational Purpose by ssveducation. Strong Breakout on Weekly Charts. Expected Levels 560-570 in short to medium term.
400 can act as a very strong support in coming days Any dip near 403 to 410 level is an opportunity to Buy Favorable Risk to Reward Ratio as it is showing potential to cross 450 in coming days
If 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
BPCL Can give good upside move towards upper SUPPLY ZONE in coming days. View Negates below 355 level. Must have this in watchlist for coming days.
NSE:BPCL BPCL is at demand zone, once it breaks out of resistance trend line it has a scope to reach higher levels 460/500 plus as predicted in chart.
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!!
GO SWING LONG ON BPCL IF PRICE CLOSES ABOVE 398.3 ON 1H WITH VOLUMES FOR TARGET OF 434