chart looks good let's see does it follow or breaks the pattern ..!!
BPCL forming symmetrical triangle pattern and the breakout happened upside. Buy it after retesting for a target of 1385+ in a time frame of 1-2 weeks
I am just going to reiterate that BPCL looks extremely strong and has broken a trend line where it has taken resistance multiple times. Watch out for this.
Potential Demand formed and hence we have a 1:3 Buy Trade; Option traders can Buy BPCL 380 CE for NOV Expiry with a TGT is Rs 11.39 "Make sure to Buy the Call only when the Price comes in the Demand drawn in the chart" Happy Trading fellas
Buy @ 347.10 TGT 350-352-354 SL 342
Symmetrical Triangle + Good Earnings + RSI trendline break suggests a buying opportunity.
I will buy BPCL because : It has been taking support at the trend line . It has touched the trend line 2 times and has not been able to break it. So will be looking at buying opportunities. Entry : 345 Target : 442/490 Stop loss : 327
Buy above 355 for targets of 365-370 with stop loss below 348. Trail SL closely due to downside risk.
Great Setup With Great Risk To Reward Ratio. . . NSE:BPCL
BPCL is a good candidate for a short term move. There were lots of tails visible inside the range, which is a sign of demand and the demand finally overtook the supply on Thursday, when price rose 6%. Price also broke out of the range and a trendline as well. There was price contraction as well inside the range, in the form of NR7 candles. Cluster of NR7, or...
BPCL Breaking out of a wedge like pattern; would retest and target the gap covering
I think it is the right to buy this stock. SL will be 395. Target is around 440 and 480-485.