BPCL BULLISH BPCL is overall down trend, and the symmetrical triangle pattern is create it. the intraday level focus price is 368 above and short tern level focus price is 375
BPCL trade ideas
BPCL loo for trendline breakoutBPCL
Double bottom on weekly timeframe support
Looks like a trendline breakout coming soon!
Breakout can take it to 400 in short time
Stay tuned!
Bharat Petroleum Corporation Ltd.Bharat Petroleum Corporation Ltd.
BPCL is a public sector undertaking with the Government of India holding 52.98%. on 11 September 2017, the government of India conferred BPCL with Maharatna status.
TECHNICAL ANALYSIS.
Time Frame - 1D
1. Stock made an inverse Head and Shoulder Pattern.
2. Stock break the neckline of 400.
3. Stock making new lower lows .
FUNDAMENTAL ANALYSIS.
SECTOR: Refineries
1. MARKET CAP - ₹ 75,988.92 Cr.
2. P/E - 4.09
3. P/B - 1.52
4. ROE - 43.82 %
5. ROCE - 30.63%
6. EPS - ₹ 85.74
7. DEBT - ₹ 26,558.36 Cr.
8. CASH - ₹ 7,053.49 Cr.
DISCLAIMER - All analysis are for educational purpose. it is not a trading or investment advise.
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BPCL - Swing TradeBPCL
Buy-Above 355
Sl-330
T-380 405+
Stock has made a double bottom. neckline has been broken.
BPCL forming XABCD pattern BPCL is forming a "W" path.
If the price of the stock convincingly breaks the resistance level of 351 and sustains go long
Support ;- 331-333
Resistance:- 362, 373.
Candlestick pattern should be checked near the levels on smaller time frame for intraday.
Intraday setup bpcl for march 10thSee the chart and prepare ur trade
Keep risk reward more than 1:2
Maximum 2-3 trades per day
Dont take revenge trades
Strictly keep stoploss after taking trade
Disclaimer :- I am not responsible for your loss and profit and Iam not sebi registered
BoclIt would be interesting to watch to say its move. It can go go up of down we should play according to it's SnR zone
Intraday setup bpcl on march 9thSee the chart and prepare your own trade
Always keep risk reward more than 1:2
Maximum 2 trades in a day
Don’t take revenge trades
Short BPCLon weekly chart to short BPCL For 3 targets to once we found any rejection at trendline A
Period of holding will be 30 to 45 days
Will BPCL change the trend by breaking the falling wedge?BPCL had broken the uptrend channel and started correcting the previous move.
It has made a falling wedge, which is on the level of 61.8%.
Price will reach 401 and may face minor resistance. But If the price gives a strong close above 401.2, we can see the following targets: 415-439-456-469 and more .
If the price doesn't make a higher low and breaks 357, it will make a down move of about 340.
Traders can wait for a pullback, and they can enter after the breakout of 401.2.
BPCL DAILY CHART ANALYSIS AS ON 28.02.2022BPCL as per daily chart analysis Stock Above 352 for a Target 369. Resistance 370. Wishing you all a Profitable Trading.
Intraday Trade BPCL BPCL showing good price Action making cup and handle pattern and it can be a good intraday trading opportunity
Ready to fly zone for bpclGood value stock to look for a buy above 407.Value stock will be multibagger in coming year. Need one more bidder beside vedanta but even without monetisation it is rock solid. Accumulation levels are marked
BPCL- Swing Trade#BPCL
Buy-Above 370
Sl-355
T- 400 430 470+
Just Because RR Is Good. Stock is making a double bottom here. However Neckline is above 410. This is a aggressive buy trade. Also above 380 we will get a confirmation to build our position.
BPCL INTRADAY TRADEAs we see bullish divergence formation in BPCL in 15min frame we can go long after breaking the trendline and 50ema and go short below previous day low.
BIG TRADE IN BPCLBUY BPCL at the level of 357 and target of 400 , if you want to keep stoploss you can keep it at the level of 437 . stock has bounce back from 357 twice time so now also it will bounce back from this level and may be we can see breakout from this level and also pressure between russia and america is becoming more day by day .so,we can see hike in crudeoil price and also in natural gas
monthly income trademomentum trade or positional trade, since bpcl has double bottom at 370 and resistence at 400 I suggest trade for 7 to 8%
