BPCL 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...
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,...
Bpcl can look for 320 levels and 275++ levels only below 360 below closing on daily basis with sl of 400 on dcb
Please support us by giving likes
Disclaimer : only for educational and learning purpose
We 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
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...
Buy BPCL at 430+
Target Price :- 432, 433
SL :- 429
This is not a trading call
only for education purpose...
if am wrong then please let me know....
Thanks in Advance
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...
NSE: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...
NSE: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.
-------------------------------------
Trade Setup for Date 27-08-2021:
1) Don't Jump...
A 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
🍂BPCL again😋🍂
🍁our second entry in BPCL
First entry @380, trgt 480 done.
🍂🍂 buy@ 410-18 range
trgt 480-550
long 700-800-1000+(long target based on growth) 🍂🍂
✔expecting good upmovemnt in the stock
✔respecting symmetrical triangle & ascending triangle
✔trend reversed @ weekly support area
Short BPCL after the BD of TL marked below the level of 425 TGT 400-395 with strict SL of 435 with 1: 5 Risk to reward ratio. Stock is expected to BD the support level very soon. RSI is also going below the level of 40 sign of bearish. This is for your educational purpose
![BPCL: Simple Trade Setup | BPCL | 25-10-2021 [ INTRADAY]](https://s3.tradingview.com/s/sXtwIrtO_mid.png "Simple Trade Setup | BPCL | 25-10-2021 [ INTRADAY]")
![BPCL: Simple Trade Setup | BPCL | 28-09-2021 [INTRADAY]](https://s3.tradingview.com/f/faKw2NdW_mid.png "Simple Trade Setup | BPCL | 28-09-2021 [INTRADAY]")
