Bpclshort
BPCL Swing TradeBCPL has broken below the support zone, which has been tested multiple times in the past. This presents a good opportunity for a small swing trade.
Entry:
To take advantage of this situation, we can initiate a short position as soon as the next candle opens.
Stoploss:
For risk management, it's wise to set the stoploss just above the support level, with a little buffer added.
Target:
Our target for this trade can be set near the next support level, as indicated on the chart.
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BPCL Next Target is 297/285BPCL Breakout happened in a lower time frame i.e on 15 minutes.
So the next Target expected for BPCL is 297/285.
IN my previous calls, I explained about the movement of the BPCL, ADANIET and JSWSTEEL. Check my prev calls.
Explained about SL and the Target in the video posted in TradingView
Tradingview ( TanujaK) is my profile.
NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
NOTE: RESPECT The risk. SL should not be more than 2% of the capital.
Happy Trading
#BPCL @BPCL BPCL 10% movement downward ;#BPCL @BPCL
BPCL 10% movement downward ;
Breakdown happened on lower timeframe, so expected target is 295
Almost 10% profit
NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
NOTE: RESPECT The risk. SL should not be more than 2% of the capital.
Happy Trading
BPCL giving a break out of cup and handle pattern.BPCL on the daily time frame has given a break out of a cup and handle pattern.
The stock has taking a halt near the resistance zone and gave a break out after a selling off from the level.
3 points confirmation.
1. Break out of the cup and handle pattern.
2. Closed above both the moving averages.
3. High trading volume on the break out.
The stock has finally given a break out and can remain in bullish move tomorrow.
Let stock price to retest the support and cross 350 price level and enter only after it sustains above the level.
Targets :- 353.5, 359
Stop loss :- 337
Trade can be traded if there is a price action near the support level.
Intraday and swing trades can be initiated in the stock.
Investors can also create positions in the stock with a long term view.
BPCL LTD Technical studies For Swing TradersBPCL looks bearish as it falls below 399 support and goes back 5 days.
BPCL made a big belt candle and started falling. According to past performance, if the trend is weak, the price will make a bunch of bearish candles. The swing dealer can wait for the T1 356 to break.
But if the market breaks the level of 399 , there may be a bullish movement in the market.
If this level is broken then good bearish speed can come.
Targets : 356 - 331 and more
Invalidation : breakout of T1
Thank you!
Money_Dictators
Disclaimer: This is NOT investment advice. Invest your capital at your own risk.
BPCL AnalysisBPCL ANALYSIS
Time Frame Analysis:
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Monthly: Downtrend
Weekly: Downtrend
Daily: Downtrend
Pattern:
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Monthly : Descending Pattern / M pattern
Price & Volume relation:
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Volume is supporting on Daily, Weekly & but on Monthly not.
Conclusion: We will take entry only when Support breaks or Viceversa, Good RR we can catch here.
Will BPCL change the trend by breaking the falling wedge?BPCL had broken the uptrend channel and started correcting the previous move.
It has made a falling wedge, which is on the level of 61.8%.
Price will reach 401 and may face minor resistance. But If the price gives a strong close above 401.2, we can see the following targets: 415-439-456-469 and more .
If the price doesn't make a higher low and breaks 357, it will make a down move of about 340.
Traders can wait for a pullback, and they can enter after the breakout of 401.2.
SELL BPCL BELOW 412We can see a fast-selling if BPCL breaks the support level of 412 on the downside and expect lower targets marked on the chart.
NOTE - Wait for confirmation as it can also take a support and move higher.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Simple Trade Setup | BPCL | 25-10-2021 [ INTRADAY]NSE:BPCL
Observations:
1) On daily time, it has been taking support from 200DMA and facing resistance from 50DMA.
Breakout of 50DMA will give quick up move.
50DMA is placed @ 455.19 level and 200DMA is placed @ 442.63 level.
Please refer below chart : 1day Time Frame.
2) On Daily time frame, we can see support range of 450-453 is now working as resistance.
Please refer below chart : 1day Time Frame.
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Trade Setup for Date 25-10-2021:
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.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | BPCL | 28-09-2021 [INTRADAY]NSE:BPCL
Trade Setup for Date 28-09-2021:
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.
4) Avoid gap up or gap down chase. Wait and trade between levels.
5) If you are in short trade then be quick in profit taking.
My personal view is bullish if it sustain above 422 level.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respsective level considering how price action works near that level.
Simple Trade Setup |BPCL | 13-09-2021NSE:BPCL
Observations:
1) On Weekly Time frame, It game rounding bottom breakout and then in last week it made hanging man candle.
This Hanging man candle will be a sign of bearish move if the stock fails to trade above and close above the high of this hanging man pattern.
From the chart we can see that for next bullish move it has to break and trade above 496 level otherwise there will be down move in coming days as a part of profit booking.
Please refer below chart : Weekly time frame.
2)On 15 Time Frame: It has been trading between 485.50 to 492.50 since last few days.
Please refer below chart : 15min time frame.
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Trade Setup for Date 13-09-2021:
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.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
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.
BPCL LOOKING WEAK AT UPPPER LEVELSA similar pattern is forming at tops which we saw in March and stock gave almost 20% fall from 480 zones.
One can take the sell trade if stocks sustain below 465 for a marked target until 490 is intact on the upside.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team