BPCL | BUY ABOVE 500We can see free buying coming in this stock once sustains above 500 and we can see 535 and upper targets in near future.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Bpcltrading
BPCL about to give breakoutWe may see a breakout in BPCL tomorrow. A sharp move is expected from here.
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.
BHARAT PETROL CORP
Target:- 538
Stoploss:- 457
Stock already take support on the support line and showing upside interest with green bullish candle. So we can take long position on it.
BPCL - Bullish Hammer at SupportNote: This is for educational purpose only. Please do not trade in F&O based on this.
There seems to be a bullish hammer at support of ascending triangle. Moreover, RSI is above 50 which indicates mildly bullish.
Buy above high of the current candle.
SL: ₹ 419
BPCL - Expecting a good up move🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
Comments
Add BPCL to WatchlistIt's good to add BPCL to watchlist Since it is in range for longtime. When Breakouts give a massive Return
BPCL Near Triangle BreakoutNear Triangle Breakout
Buy Bpcl Only Above 481 (DCB)
Strict SL - 453.9
Target - 550
BPCL Stock Update on Previous Breakout and TargetHello Everyone,
Few days back BPCL technical breakout on weekly charts was updated and this is follow up update, we have projected BPCL to move towards 540 & now BPCL reached till 485 slow and steady move in BPCL.
Let's hope for the best that in few days it will reach to 540 levels.
For Educational Purpose Only
If you like the stock idea please hit like and also share.
BPCLBPCL can be a long candidate for short term. PSU stocks can be good for swing trading.
For educational purposes.
BPCLBPCL (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 DEMA and is on the way to cross 10 DEMA. Once 5 DEMA crosses 10 DEMA and both of them cross the 20 DEMA we can expect a steep bull run.
The volume is in greens as well.
MACD, though in the bear zone has started a reversal. We will soon see MACD climb in the bull zone if the momentum continues.
RSI is in an uptrend. It is now in the neutral zone which is very close to the 50 mark. We may see a bull rally once RSI crosses the 50 mark and sustains.
***All signs for long term are bullish.
Hourly charts (medium term)
DEMA is aligning. It is messy at this point but the reversal is quite prominent.
Higher tops and high bottom formation is seen which is a bullish trend.
The last volume bar is strong and green.
MACD is in the bull zone and looks strong.
RSI is well above the 50 mark and looks strong as well.
***Again, all signs are bullish.
15m chart (short term)
DEMA is well aligned and the candles are holding strong above it.
Volumes look good.
RSI is in the bull zone and is strong.
RSI is above the 50 mark and looks strong as well.
*** All signs are bullish.
Can buy now and add if the prices come down for short term targets of 440+
BPCL FuturesWe 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
BPCL Made the Short Term Low?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
BPCL Highest Closing Of 7 Months (30 Weeks, 210 Days)Buy Bpcl At Cmp 449.85 & On Dips To 430-435
Strict SL - 417 (DCB)
Target - 481/500/525+++
BPCL a perfect buy from current levelsIn the daily chart, we can clearly see that BPCL is taking support from the bottom of the parallel channel. Take long positions for the longer targets.
BPCL LongPiercing Pattern found in BPCL.
Target whatever level you are comfortable with.
Stoploss - lowest low of the two candles
Long on BPCLBPCL took support at the long-term trendline. I am going long for a swing trade with an initial target of 420.
BPCL - Inverted Bullish hammerNote: 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.
