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Bpcltrade

Bharat Petroleum Corporation Ltd - Positional TradeDate : 10-May-2024 Rating : Buy - Positional Trade LTP : Rs. 618.65 Targets: (1) Rs. 687 --> (2) Rs. 770 SL : Rs. 580 on daily close basis Technical View: • NSE:BPCL is in its primary uptrend and was recently going through it's secondary downtrend. • After touching the high of 687.95 on 16-Feb-2024, it has retraced 19% to 556.40 level. • On 29-Apr-2024, NSE:BPCL has broke out from its secondary down trend with high volume and re-tested the down trend line twice, on 30-Apr and 9-May. • NSE:BPCL has also closed above 20 DMA, 50 DMA and 21 DEMA on 10-May-2024. • RSI is trading at 53.91 and MACD is trading at 4.01. • Looking good to start a new swing from here. Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. Ideas are published for learning purpose only.
NSE:BPCLLong
by vicky252
1
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.
NSE:BPCL
by Mambotrade
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.
NSE:BPCLLong
by forextidings
3
Simple Trade Setup | BPCL | 17-01-2022 [INTRADAY]NSE:BPCL Observations: 1) On 1 day time frame, we can see that after giving closing above 50DMA on Thursday , it made bullish candle above 50DMA on Friday. And now it is near the breakout range of 400 level. Breakout 400 will lead it to easy 405 level. And breakout of 405 level will make it bullish. Major breakout level is 410 level. One who want to be in safe trade can only go long on sustainable breakout of 410 level. But please note that it is still trading below 200DMA. Please refer below chart : 1day Time Frame. ------------------------------------- Trade Setup for 17-01-2022 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.
NSE:BPCL
by Trading_hawk
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. ------------------------------------- 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.
NSE:BPCL
by Trading_hawk
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.
NSE:BPCL
by Trading_hawk
5
Simple Trade Setup | BPCL | 14-09-2021NSE:BPCL Trade Setup for Date 14-09-2021: 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. Note: Trade with Strict SL.
NSE:BPCL
by Trading_hawk
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. ------------------------------------- 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.
NSE:BPCL
by Trading_hawk
20