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
Short BPCL on 4/10/20 use trail stoploss aim for maximum target #bpcl #bharatpetrolium
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
BPCL has tested the same trend line multiple times but has not managed to change the trend yet. Watch the reversal. NSE:BPCL
Symmetrical Triangle + Good Earnings + RSI trendline break suggests a buying opportunity.
Note: This is for educational purpose only. There is a bearish breakout in descending triangle with ultra high volume.
I think it is the right to buy this stock. SL will be 395. Target is around 440 and 480-485.
RESISTANCE: 420-430 SUPPORT: 408 BUY/SELL ON FORMATION
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...
*Educational purpose overall market is in bullish mode so , better avoid bearish trade in bpcl if it faces resistance
Note: This is for educational purpose only. There is a bullish breakout after build up near resistance. However, as RSI is above 70, there might be some consolidation for few days or a pullback for a further rally.
Sell below 394 Target 357 Above 404 price bearish