BPCL on good levelsBPCL script is in one range from long time, at present the script is in good support and strong resistance level, its just for study purpose, invest with your own analysis.
BPCL trade ideas
#Bpcl cash : Looks good around 428.50#BPCL Cash -Positional call
08.Nov 2021
Looks good around 228.50
stoploss 222
Target 438-440/468-470/490
Cmp 431.85
Bpcl Rubble bottle.Watch bpcl share .
This is making Dubble Bottom with support of 400 .
Here next price level coming 445 , 470, 500 for short term and long term also.
BPCL - Positional LongBPCL is rising from its support and MACD signals to go long at CMP of 428
T1: 470
#BPCL Cash : Looks good above 428.10#BPCL Cash -Positional call
01 Nov 2021
Looks good above 428.10
Stoploss 422
Tgt 438-440/460
Cmp 421.65
Swing Opportunity in BPCLGo Long above 424.4 for Targets of 436.75, 449.1, 461.45, 473.8, and 486.15 with SL 412.05
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.5 Fibonacci level.
2. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.5 Fibonacci level.
3. A bullish candlestick pattern ( Bullish Harami) marked with the orange color is formed around 0.5 Fibonacci level.
4. Also there is a strong support zone (marked with purple color), from which the stock is taking support and moving up.
5. There is a gap that might get filled.
6. The stock may go up to the trendline where it may face resistance and our final target is well below the resistance trendline.
BPCL can crack some more. It can show 420 levels.NSE:BPCL has been cracking for sometime and weakness is still there. It can show 420 levels soon.
BPCL seems to be respecting 430 levelsNSE:BPCL took support around 430 levels. It seems to be respecting the levels. This could be demand zone.
BPCL Trend Reversal Breakout SwingAfter last dividend payout, the stock went high to 470. Currently it is trading at a fair price of 447.
Buy above 449 till 450
SL 435
Target 480
Buy and hold for a 6-7% return in a month.
Note: Earnings are also nearby. This will have a positive impact as mostly PSU are giving positive results.
Simple Trade Setup | BPCL | 25-10-2021 [ INTRADAY]NSE:BPCL
Observations:
1) On daily time, it has been taking support from 200DMA and facing resistance from 50DMA.
Breakout of 50DMA will give quick up move.
50DMA is placed @ 455.19 level and 200DMA is placed @ 442.63 level.
Please refer below chart : 1day Time Frame.
2) On Daily time frame, we can see support range of 450-453 is now working as resistance.
Please refer below chart : 1day Time Frame.
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Trade Setup for Date 25-10-2021:
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 FELL 10%! WHERE TO BUY AGAIN? BPCL had an event today, where the dividend was issued. The dividend was 58 per share.
However, the stock price fell so much as 10% in a single day, and that too in pre-market minutes.
There will be a long unwinding as a consequence. If the price manages to stay below 445, it could come down to the demand zone which is also a PRZ of XABCD bearish shark pattern.
The levels are mentioned on the chart.
If the price rises past the 481 level, then the previous idea which I had published may work.
Happy trading :)
This is just for educational purposes.
[POSITIONAL] BPCL LONG BET risk: Reward ratio is 1: 2
Rest as per Charts
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Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
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I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
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Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
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bpcl reversal wait
If you guys remember different type of reversal signal then wait for the stock to give a reversal signal the stock can give 40% return in few days after a reversal sign ... look for the rsi,Ballenger band to give signal ..also use different signal like morning Star,etc...
bpcl shortterm long ideakeep eye on resistance line if sustain 15-30 point may come in bpcl
observe..decide on ur own.
as risky..as per past history of movement.
Gap down recoveryThis share was all in the news for its handsome dividend to paid as 58₹/share, as we know when the dividend getes release the share price got adjust , many retail investor bought just for sake of dividend and then perish!
Now is the right spot to this script as it started recoverinf from its adjustment
The price action shows bullish trend upto 470₹-482₹-492₹
This is just for education purpose , trade at your own risk
LONG BPCL SHORT TERM VIEWLokk for these important levels in BPCL. Soon will reach level 500 in short term.
BPCLAfter one bear trap price came up to this much. And I heading this up to next resistance as a swing trade...
BPCL is on FireChart is self-explanatory.
RSI is above 60 and its in clear uptrend in parallel channel.
This
Buy BPCL on dipBPCL should hit the bottom trendline. This meet should happen when the price touches 200 dma.
After that it moves about 15-20% upwards to 500.
Let's see how this goes.
Do your own DD.
A little more time from nowEnter if it closes above 560
SL 490
Target: will update according to trend.
Note: Trade at your own risk.
BPCLBPCL has given a good breakout.
Buy- CMP
Target- 464.40, 474.90, 484.35, 492.95, 502.90.
SL- 429 (trail SL to CTC after achieving the second target).
(TARGET CAN COME BEFORE DIWALI OR TILL DIWALI)
