BPCL has made head and shoulder (HNS) Pattern, Rest mentioned on chart
Hello 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.
BPCL can be a long candidate for short term. PSU stocks can be good for swing trading. For educational purposes.
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
Buy Bpcl At Cmp 449.85 & On Dips To 430-435 Strict SL - 417 (DCB) Target - 481/500/525+++
bpcl swing trade tgt 1 and tgt2 possible if cross tgt 1 and close
In 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.
Piercing Pattern found in BPCL. Target whatever level you are comfortable with. Stoploss - lowest low of the two candles
BPCL took support at the long-term trendline. I am going long for a swing trade with an initial target of 420.