BPCL - 27th June 2022Stock in Narrow Range for past 2 Days.
Sustained Directional move above 312 or below 300.
BPCL trade ideas
BPCL : REVERSELAS CAN BE SEEN IN THE CHART, BPCL has reversed from the very old support level and ready to reach the upper level as shown in chart
BPCL LOOKING A GOOD BUYBPCL Looking good buy in this range for upper marked targets until 290 is intact on the downside on a closing basis.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BPCLit has been in parallel channel since beginning, recent distribution has formed "M" pattern on higher time frame.
280 on monthly closing is a critical level. if this is broken then expect blood bath.
CONSOLIDATION IN BPCLConsolidation in 1 hr timeframe
resistance multiple time tested
Idea Invalid below 327
BPCLBpcl is looking good for reversals, range breakout after so many days looking for 5-10% retracement from here 🤞
BPCL - Buy 318- 330BPCL
Crude oil rate increasing will benefit BPCL
Buy @ 318-330
Target - 350
SL - 315
Taking Retest on DowntrendBPCL is taking retest on downtrend line and trading near Major Support Zone.
It is sustains then we can see a bullish move.
PS - For Educational Purpose Only.
Looks good for shortShort below 325 on 1hr time frame candle close and cross with good volume and SL 331.
Only educational purpose only.
NSE:BPCL
BPCL BREAKOUT STRATEGY.Hello friends,
Here is Big Breakout in BPCL Near 375 we can Buy near 375 to 380 with stop loss of 348 closing basis for the Target of 405 and 450 in near term.
Happy Trading.
BHARAT PETROL CORPchart type - falling wedge pattern
timeframe - 1 hour
entry above 345-346
keep on radar
BPCL - Looks like can break out BPCL
I posted this at 365 and it achieved targets, now can it cross 405?
Let us keep a track on it. A close above 405 can take it further high!
BPCL FULL UPSIDE POSSIBLE NSE: BPCL
BPCL looking good for current market price to add on Dip.
Stop loss 325CB
Target can be 555/666
NOTE - High Dividend payee company.
BPCLBPCL looking good for swingtrade, if break 393 take position and ride it till 401/415/435/++++
SL 375
BPCL: Support & Resistance and Moving Average Trade PotentialBPCL
The stock has taken Support at previous reversal zone
Now seems to be respecting 50 day EMA
- 50 day EMA around 371
- 200 day EMA around 396
Breakout above 396
Target 440 odd levels
Stop Loss Close below 358
Risk :: Reward ratio looks favorable to go Long. This is a Positional view and not an intra day trade suggestion
Plan your trade accordingly...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
BPCLBPCL at support may take opportunity based on broader mkt condition
No view chart only for educational purpose
