Above 330 can go long or post restestBreakout from downward sloping parallel channel. It can break out and then if it restests this and moves higher, that would be excellent.Price had contracted quite a lot in the last 15-30 days. Needs to cross 330 which is its 200 day point of control.Staircase type targets would be 345,355, 375
Market insights
BPCL --POSITIONAL BPCL --POSITIONAL --WEEKLY CHART
1.BPCL seen on chart breakdown from 480 level to 300 SUB level last few months ,
2. Rounded Bottom chart pattern seen on chart , where bottom form around 290-300 level .
3. Weekly trendline seen breakout above 320 level
4. RSI seen pullback from oversold level on weekly RSI above WMA at present bullish.
5. Weekly RSI positive divergence also seen on chart
6. one can initiate BUY 315-318 and above for positional target 325-350-380 ( 1-2 ) month stop loss below strong support level at 275
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OIL INDIA LTD (target of 220 - 236 with a SL of 191)This is a study for OIL INDIA LTD.Due to some technical error unable to publish OIL INDIA LTD CHART.Please go through the below explanation for OIL INDIA LTD Chart and Analysis
Oil India seems a good buy at this level for a target of 220 - 236 with a SL of 191.
CHART & ANALYSIS
ADARSH DEY
Bpcl Defies All OddsAfter a bloodbath of a week, the markets are recovering and after a 15% fall, BPCl has taken support on its long term support with a high volume bullish candle
Moving average does not say much.
Stochastic RSI is also in the oversold region giving a long bias.
T1 Is the short term target
T2 is the Long term target
Stop loss below the support level.
Keep It Simple
Scope For Intraday Short Selling 4 BPCL Bearish Flag Pattern On BPCL
As u can notice the bearish flag pattern formed on here and the market has now started moving bearishly after the breakout of Flag , this warns us to stay away from any long positions as of now. This also provides an opportunity for intraday shorting .
There is also an Indication of formation of W pattern whose 3rd leg is forming as now and also provides the scenario for intrday short selling
Sell Short Intraday
Entry Price :- 307.4
Tp 1 :- 302
Tp 2 :- 197
Tp 3 :- 193
{DYOR}
More Intraday stock signals for NSE and BSE segments upcoming daily. Follow 4 more
BPCLdescending triangle pattern breakout wait for entry about of confirmation candle .
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“Disclosure : I am not Sebi-registered.” This channel is for only educational purpose. Any profit/loss, I am not responsible.
Before taking any trade on our calls, please consult your financial advisors. Thanks
BPCL AnalysisBPCL ANALYSIS
Time Frame Analysis:
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Monthly: Downtrend
Weekly: Downtrend
Daily: Downtrend
Pattern:
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Monthly : Descending Pattern / M pattern
Price & Volume relation:
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Volume is supporting on Daily, Weekly & but on Monthly not.
Conclusion: We will take entry only when Support breaks or Viceversa, Good RR we can catch here.






















