Black Friday saleUp to 70% OFF

PETRONET

#BPCL #HINDPETRO #IOC #OIL #ONGC #PETRONET #PETROL #BITCOIN #NSE#BPCL Bharat Petroleum Corporation Limited. CMP: 399 TARGET: 436 // 478 G-O-I undertaken stock is in limelight, BPCL. As the state run petroleum company plans for divestment, there is going to be a lot of opportunities for retail investors and traders. Govt. plans to sell off almost 53% stake from the company and it receives MULTIPLE bids. Stock is expected to have a strong valuation and would be expensive from the current rates. There are various reasons to invest in this stock. 1. Trend Analysis: The stocks is in pace to reach highs. Running in uptrend, climbing ladders, step-by-step. Steadier and stronger with each end of the day prices. 2. Fibonacci Retracement: Retracing from 50% levels to make higher highs. Supports acting strong and giving a better push upside again and again. 3. Moving Averages: All the moving averages running alongside. All the bigger moving averages below the prices gives the candle more strength to be firm and erect. Bears fears. Prices fear to fall. 4. Pattern: Prices are making higher lows to show the pictorial representation of price trend. Making a Bullish Wedge kind of pattern with periodic time span. 5. Volume: Extremely large volume trading has been encountered in the stock. The huge Volume is representation of higher investors' money flowing in towards the stock. The huge Volume candles along with huge BULLISH Price Candles represent the strength of BULLS. 6. Momentum: The stock being in news, a large number of traders rush towards it and make various analysis to get the intrinsic value. The higher the bidding value, the higher is the price. The bids create excess of demand for the stock and thus price moves upside. The stock has just got the momentum. A rally is expected soon. 7. Strong Bull and Weak Bear: The Bullish candles are mightier and look like "katana". Big Bull candles show the presence of demand over and above supply, and thus a potential for upside. On the contrary, the bear candles are small and of less volume. Explaining the distribution and consolidation of previously purchased shares. Go ahead with the stock, with a limited down side risk. SL: 385 RR Ratio: 1:2 // 1:5 If you like my work, kindly LIKE the post, SHARE it with your friends and family, and FOLLOW the page to get free stock recommendations frequently. Thankyou!
NSE:BPCLLong
by Rachit_Sethia
PETRONET - SWING PICK by Market MattersA 'W' pattern breakout is a clear cut indication of a trend reversal........... Note: Avoid the stock if a big gap up or gap down is seen Enter after the breakout happens and not before it Do not chase the market, i.e., do not get involved in late entries Only enter with strict stop-loss and target This is not a recommendation and is for educational purposes only. always follow risk-reward and quantity management for the 100% of the times The above mentioned idea may not work, so beware of the risk you are taking Follow me to Learn and Earn with me. Happy Trading!!
NSE:PETRONETLong
by FAHEEMSAM