Market insights
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
BPCL- Bullish HARMONIC Buy Signal!Attached: BPCL Weekly Chart as of 17th March 2023
Going by Harmonics:
A Bullish Anti Bat Pattern has got activated with this Week's Bullish Power Candle Close above 350. This is a BUY signal!🚀
Going by Dow Theory:
We see that Price has also put in its First Higher Low of 314 since the Lows of 288 back in October 2022. This is a Sign of a Trend Reversal Structure.
The Prior Trend was DOWN on the Weekly TF. Now it appears the Trend is turning on the UPSIDE.
Coming back to the Harmonic Pattern, our Plan of Action for a Positional Trade is:
Buy Entry triggered at Current Market Price of 351✅
Stop Loss can be placed below 52 week low which is ~ < 288⚠️
Upside Targets🎯 as follows:
T1= 380 to 400
T2= 480 to 500
T3= extension beyond 500 level, towards Prior ATH / New ATH
(Also do check out my related idea on BPCL which looks at the Daily TF)
...........
If I were to talk about some Fundamentals,
then BPCL also has a 4.5% Dividend Yield which is quite Attractive in a Rising Interest Rate Environment that the Global Economy currently is in
And so it is also a Buy if you consider the Dividend along with a Capital Appreciation potential📈
BPCL Bullish Breakout BUY!Attached: Daily Chart as of 17th March, 2023
- Price shot up a whooping 6.24% on 16th March (Thursday) and also held the Gains closing Higher on Friday
- Overall giving a Strong Weekly Breakout Candle closing above the 350 key level
- 315 level or the 0.618 Fib retracement held out perfectly as a support🙏
Indicator Signals:
- MACD crossed above 0 line ✅
- RSI crossed above 70 ✅
- DMI gave Buy signal ✅
- ADX is above 25 ✅
- An Inverse Head & Shoulder Pattern is currently active given the Breakout Candle📈
Upside Potential:
A Short Term Target 🎯 of ~ 400 is now Open
Stop Loss for the same is < 325
BPCL LOOKING BULLISH Hello traders, so we are seeing the daily the timeframe of BPCL chart. As we can see, there is a large bullish candle on the daily timeframes which indicates that Wales are interested in BPCL. So if it consolidates near the resistance and gives a breakout in one hour time frame, so then you can go long on BPCL by using proper risk management and there are 2 take profits as I can see one is for Fibonacci retracement at 400 and other one according to price action resistance so thank you .
This is not a financial advice. Only for educational purposes.
BPCL : What technical Says ?Technical Analysis :
Chart Type: Weekly
Chart Pattern : Inverse Head and Shoulder
RSI : Above 50
Price is above 20 days MA and below 200 day MA
Expected target : 390-400
