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...
BPCL 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...
BPCL Looking good buy in this range for upper marked targets until 290 is intact on the downside on a closing basis.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Hello friends,
Here is Big Breakout in BPCL Near 375 we can Buy near 375 to 380 with stop loss of 348 closing basis for the Target of 405 and 450 in near term.
Happy Trading.
BPCL is forming a "W" path.
If the price of the stock convincingly breaks the resistance level of 351 and sustains go long
Support ;- 331-333
Resistance:- 362, 373.
Candlestick pattern should be checked near the levels on smaller time frame for intraday.
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,...
Cummins looking good to Buy if sustains above 384 for the marked targets on the chart.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
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...
We shared BPCL Sell Idea @ 412 and we saw almost 8% fall from our Selling Price.
BPCL was trading in a falling wedge and is now at the verge of breakout which is a bullish sign, looks good to buy above 384 for marked levels on the chart.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
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
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...
![BPCL: Simple Trade Setup | BPCL | 17-01-2022 [INTRADAY]](https://s3.tradingview.com/u/uPvW4EMK_mid.png "Simple Trade Setup | BPCL | 17-01-2022 [INTRADAY]")
![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]")
