Market insights
BPCL - Head & Shoulder Pattern Break Daily TimeframeNSE:BPCL - Head & Shoulder pattern about to break with very high volume (Daily volume above 20 MA)
If BPCL daily closed above 333 with good volume &
Daily RSI above - 60
Daily Bollinger Band break
Trend line break - already Tested multiple times (With Volume).
TARGET - 370-373
ENTRY ACTIVATE - 335 (AFTER DAY CLOSE)
STOPLOSS TRIGGERED - 323 (DAY CLOSE BELOW)
GO LONG ON BPCLNSE:BPCL ,
This is short term trade .
The stock is at crucial level if its breaks the level of 335 it will show upside movement
The first target 355 and take a stop loss of 326
This is educational purpose.
BPCLIT was in good buy zone try to accumulate.
Dont worry if its come to 250rs, buy that level also. i think you get good dividend also.
Bpcl Once bpcl sustain above 335 then it leads to 360;400;500+ it's better to buy above 335 with sl below 320 .
CMP 326. Daily resistance is at 333.6
LONGA good pullback from 312level and forming an adeding triagle on daily time frame early entry would be risky with a 3% sl and 15% tgt
also breakout of 200ema high on hourly time frame which is a good sign if fed news ignored
BPCL is a good buy around 370/376 levelthe stock is approaching a strong support in weekly chart.........meeting point of trend line, AVWAP and S3 pivot....good buy around 370/376 level..
BPCLNSE:BPCL
BPCL is showing some buying from the lower levels, can be buy above 315 for short term targets
BPCL LITTLE BUY POINT WITH 7% LOSS 50% PROFIT NOTHING BUT 7:50 NSE:BPCL BPCL now entry leverl as per my knowledge. Risk reward ratio is good 7:50, It is only education purpose only
BPCL | Good chart setup, looks good for 35% - INHS and TriangleBPCL | Good chart setup, looks good for 35% - INHS and Triangle patterns.
CMP : 400 (Can buy in dip upto 370 in this setup)
SL : 360
Target : 550
Almost 1:10+ risk reward setup (Including dip)
Lets see if we can get the annual cylinder subscription cost from BPCL itself. Wish me good luck 😝
BPCL | INHS + Trendline breakout - Looks potential for 10%BPCL | INHS + Trendline breakout - Looks potential for 10%
CMP : 365
SL : 350
Target : 400
1:3 risk reward setup
BPCL | Reversal from trendline support again - Looks good 20-25%BPCL | Reversal from trendline support again - Looks good for 20-25%
Buy 70% now, remaining in dip.
CMP : 328 (Dip : 320)
SL : 310
Target : 395
1:4 risk reward setup
BPCLStock near strong demand zone, may see upside movement or may retest before further upside
Above view only for educational purpose
#Bpcl cash : Looks good above 317.50#Bpcl cash -Positional call
27 June 2022
Looks good above 317.50
Stoploss 311
Target 327/336
Cmp 315
BPCL - 27th June 2022Stock in Narrow Range for past 2 Days.
Sustained Directional move above 312 or below 300.
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 🤞
