BPCLNSE:BPCL
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BPCL trade ideas
Barrier Triangle within Barrier Triangle - Wave E Development.Today, I'm talking about real-time "Barrier Triangles" which developing on BPCL and very specific aspect of this triangle that I've encountered numerous times and that's the frustrating aspect or characteristic of a triangle stuff to sometimes. In this instance, we are looking at a triangle where we actually have a triangle within triangle.
let me explain you my price chart over real quick and you'll see exactly what I'm talking about. Notice we have connected by trednline waves A and C is horizontal and waves B and D sloping downward therefore, we reveal barrier triangle.
Breakdown - 357 expecting more fall.
Resistance - at or nearby 419
But here, lower TF research can increase odds and confident for trade setup.
I will shortly update - lower TF here.
BPCL Wait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Thank You..
Public Sector never works BPCLCompany is about to set up EV CHARGING stations. But stock only because it's PUBLIC SECTOR, stock is undermined. We will go with the flow
SELL BELOW 355
STOPLOSS AT 410
TARGET FOR 305
good buy oportunityAlready formed bullish engulfing pattern with good volume.
Also pattern formed is on support line so can buy once this resistance breaks
BPCL | LOOKING GOOD ABOVE 384Cummins looking good to Buy if sustains above 384 for the marked targets on the chart.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
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BPCL long position for Cash/OptionsBPCL It's on the verge of a breakout
Create a Long position through Cash & Call Option.
BUY BPCL CASH @396-398 SL 388 Target 408/413
BUY BPCL 405 CALL @5.8 SL 4.5 Target 8/10
Better Book Profit @ 413 Because it formed a Fibonacci cluster there and it going to be very key Resistance
What we believe in:-
°Trade With Logic
°Take Time Before Investment
Saving Your Capital 🙂
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DISCLAIMER:- This Channel Is For ( EDUCATIONAL PURPOSE )
BPCL Holds Promising Return of more than 20%BPCL is currently in reversal on Daily Charts and shows promising future. The long term target is above 485!! Check out my analysis on chart!!
this is time to sell bpclthis chart is BPCL, i counted to BPCL Elliott wave i am sure to this time sell to BPCL and get profit,
Elliott wave 1,2,3,4 complete and wave 5 is running.
ready for up moveBPCL already broken H&S pattern and come for retest with desending parallel channel....as this parallel channel pattern gets break...enter for 1:3 risk reward ratio....
BPCLDoji candlestick formed in weakly chart. If it close above 407rs in weakly candle, we can expect upmove. If it closed below 396 we can expect downside as per trend line..
Simple Trade Setup | BPCL | 17-01-2022 [INTRADAY]NSE:BPCL
Observations:
1) On 1 day time frame, we can see that after giving closing above 50DMA on Thursday , it made bullish candle above 50DMA on Friday.
And now it is near the breakout range of 400 level.
Breakout 400 will lead it to easy 405 level. And breakout of 405 level will make it bullish.
Major breakout level is 410 level. One who want to be in safe trade can only go long on sustainable breakout of 410 level.
But please note that it is still trading below 200DMA.
Please refer below chart : 1day Time Frame.
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Trade Setup for 17-01-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
BPCL a likely reversal candidateBPCL is building up, can gain momentum and move to the upside. Note the series of Higher Lows inside the trading range, price action in hinting a bullish breakout. News flow of privatization in this budget season can be the undercurrent for PSUs
BPCL Long Idea (Bullish)According to support and resistance, BPCL is facing resistance near 403-404 and according to candle stick pattern, it looks bullish. Intraday trader and positional trader can buy BPCL above 304 for target of 440 and more. Stop loss should be 385 on closing basis for positional trader.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
this chart is BPCl [ the time to sell bpcl ]the bpcl chart is follow to down trend and i sell to bpcl and wait a movement and get profit.
