BPCL trade ideas
Bharat Petroleum, BullishThe stock has been in sustained downtrend since 2021, forming rounding bottom pattern.
The correction in the stock price after dividend payout got extended further upto 298 levels.
There is also small rounding bottom pattern inside the major one along with rising wedge
pattern which is likely to breakout soon. The levels are shown on the chart, for educational
purpose only and are not any trade recommendation.
BPCL 4H TF SHORTLooking good for shorting opportunities, expecting it to give a nice confirmation, wait for 30 mins candle close .
Please follow me for more such trades.
Bpcl 1htf breakdown Bpcl 1htf breakdown from a triangle pattern
Good shorting opportunity
Small stoploss
Bpcl Triangle PatternBpcl Triangle Pattern and also a flag pattern looking good for Bullish Breakout but will wait For breakout confirmation and Lower trend line will be stoploss
BPCL DTFAfter analyzing BPCL's stock, there are indications that a potential breakout may occur in the near future.
However, it's important to note that stock market investments come with inherent risks, and predicting breakouts or price movements accurately is challenging. It's advisable to consult with a financial advisor or conduct further research to validate the analysis and make informed investment decisions.
long view on BPCL Trend change in weekly time fream , first it was making lower lowes now its creating higher highs , we can go long and our 1st target wiil be 422 , 2nd targwt will be 500 amd our sl will be 349
BPCL YEAR LONG BASE BREAKOUT TO THE UPSIDE.BPCL Weekly scale: one-year long base breakout, as price started trading above its VWAP anchored from the high of Sep 2021. Technically 15% to 20% upside potential is indicative.
Momentum indicators and Relative performance to CNX 500 are positive.
Only personal analysis. No recommendation.
BPCL Leading from front for OMCsBPCL has completed triangle in wave 4 of long term so wave 5 can reach 1400 in next 4-5 years.
Long BPCLas per gann sq root og high and low will give future swing point hence i m looking for bpcl 364
BPCL BREAKOUT RETESTBharat petroleum looking good on daily chart breaks a tough resistance at 339 zones current price is 351 according to my observation it will come for a retest of breakout and could take a bounce from there if it will happen, we can expect a target of 358 in it stop loss we can take 335 closing below resistance.
TARGET
𝑵𝑶𝑻𝑬- 𝑶𝑵𝑳𝒀 𝑭𝑶𝑹 𝑬𝑫𝑼𝑪𝑨𝑻𝑰𝑶𝑵 𝑷𝑼𝑹𝑷𝑶𝑺𝐄
BPCL up move likely#BPCL seen forming triangle pattern on monthly chart. Currently consolidating forming a rectangle pattern at the lower edge of Triangle. Breakout above rectangle may give a decent move to 430.00 plus levels. Once breakout stop loss should be placed below low of current candle around 326.00 levels. Keep watch
BPCL Weekly charts taking support from long term rising Trendline creating inverted bullish H&S pattern with positive divergence in RSI
Daily charts suggests incremental volumes at right shoulder breakout above black line CB gives good Risk Reward upside
what is The symmetrical triangle patternThe symmetrical triangle pattern is a technical analysis chart pattern that forms when the price of an asset is moving within a range, with the highs and lows converging towards each other.
it is characterized by two trend lines that converge toward each other, forming a triangle.
It is confirmed when the price breaks out of the triangle, either above the upper trend line (bullish) or below the lower trend line (bearish).
Traders often look for a price target that is equal to the height of the triangle at its widest point, projected in the direction of the breakout.
The symmetrical triangle pattern can be a reliable indicator of future price movement, but it should be used in conjunction with other technical analysis tools and market indicators.
one can support the work by simply following BACTIFY and sharing the same with their friends
all the best and happy trading
VIEW ON BPCLBig breakout on the stock
Target 343/349
Stop loss 338
I am just representing my views.
For educational purpose only.
intradayboth side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
follow risk management
do your own analysis
do workout
do meditation
start reading book
Bharat Petroleum: a probable long tradewill be a bargain if we get to enter below the LT trendline
has varied presence (fuel, LPG, LNG and JVs etc) and will have EV charging stations at their pumps too
Accumulate
Safe traders to enter post trendline #breakout
INTRADAY LONG ON BPCL
The stock is fundamentally strong with earnings above expectation for the Q4 2022 and an optimistic Q1 2023.
There is increase in the GRM Inventories.
The entry is in conformance with a RBR Strategy.
Trade Risk is 330(Stop Loss)
The TP are at 350,360,370
The Crude Oil Chart seems to have a contra-trend set-up which adds wings to TVC:USOIL this trade-strategy
Shooting Star A shooting star occurs after an advance and indicates the price could start falling.
The formation is bearish because the price tried to rise significantly during the day, but then the sellers took over and pushed the price back down toward the open.
Traders typically wait to see what the next candle (period) does following a shooting star . If the price declines during the next period they may sell or short.
If the price rises after a shooting star , the formation may have been a false signal or the candle is marking a potential resistance area around the price range of the candle.
Script = BPCL
Time Frame = 1 Day
Wedge pattern reversal in BPCLBPCL
Key highlights: 💡
✅On 1M Time Frame Stock Showing Reversal of wedge Pattern .
✅ It can give movement upto the Reversal target of above 484+.
✅There have chances of Breakout of resistance level too.
✅ After Breakout of resistance level this stock can gives strong upside rally upto above 770+
Bearish Harami A bearish harami is a two bar Japanese candlestick pattern that suggests prices may soon reverse to the downside. The pattern consists of a long white candle followed by a small black candle. The opening and closing prices of the second candle must be contained within the body of the first candle. An uptrend precedes the formation of a bearish harami.
Script = BPCL
Time Frame = 15 min
