The market structure has been Bullish on a higher time frame. The price has been moving in the ascending triangle for a long time. In addition to this, the cup and handle can also be seen which makes it a high probability setup. The target of Ascending triangle and Cup & Handle are almost overlapping in the 620-630 zone. You are always advised to...
BPCL (NSE Cash) Market cap is above 241.297b Volumes are above 666.887k Average volume is 2.28 Float is 77.522M LTP: 423.05 Support: 413.55 Resistance: 434.60 / 441.85 Daily charts (long term) A bullish engulfing candle was made on 22nd April followed by a confirmation green candle on the 23rd. There is a reversal seen in the DEMA as well. 5 DEMA has crossed 100...
We can see a Bullish Engulfing candle on the daily charts which is a strong buy signal. Whoever wants to go long can go long at current levels. LTP is 419.65
The stock has taken support at 200 MA and we may see higher levels until 200 MA is intact on the downside. To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
Note: This is for educational purpose only. There seems to be an inverted bullish hammer at support of ascending triangle. RSI seems to bouncing from support line.
BPCL weekly chart updated for Educational Purpose by ssveducation. Strong Breakout on Weekly Charts. Expected Levels 560-570 in short to medium term.
If stock sustains above the pink line, we may see the targets of 414, 426 and 436. To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
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
Note: This is for educational purpose only. There is a bearish breakout in descending triangle with ultra high volume.
HELL FRIENDS, HERE IS BPCL CHART SET UP AS PER ELLIOT WAVE THEORY, BPCL CMP IS 400 AND IT WILL COMPLETE ITS 4TH WAVE NEAR SUPPORT ZONE 400 TO 380 SO ITS GOOD BUY NEAR SUPPORT ZONE FOR THE TARGET OF 537 TO 576 LEVEL ABOVE THIS ITS CAN GO UP 600 TO 630 IS MAJOR TARGET ZONE. HAPPY TRADING
I hope you can now see how BPCL represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Disclaimer: It should not be assumed that the...
Note: This is for educational purpose only. BPCL is seeing rise in buying volume.RSI above 50. Moreover, ascending triangle indicates bulls are taking control.
Sell below 394 Target 357 Above 404 price bearish