BPCL trade ideas
Sell below 366 SL 375 target 359 and 349Suggestions are based on my analysis only. Please do your analysis before taking any trade.
SIp between CMP to 358 SL 320 target 450 and 470Suggestions are based on my analysis only. Please do your analysis before taking any trade.
SELL BPCL BELOW 412We can see a fast-selling if BPCL breaks the support level of 412 on the downside and expect lower targets marked on the chart.
NOTE - Wait for confirmation as it can also take a support and move higher.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BPCL bearish setupThis analysis is only for Educational purpose only. Do your own analysis and proceed further. This BPCL script has broken the long term raising trendline and fell near 410. Then it took the support near 410 and rose upto 470, which was acting as a trend line support. Now the trend line support acted as resistance and it fell further and broke the major support at 412. Due to this formation it may further fall to downside 376. if it will break 376, then it will fall further upto 360.
Bpcl- bullish harmonic-weekly
wait for reversal
Educational purpose only.
This is not a recommendation -
I am not SEBI registered - Do not TRADE/INVEST basis what I publish here.
Inspired by - Trading Mirror telugu
Swing Opportunity in BPCLGo Long above 428.1 for Targets of 442, 455.9, and 469.8 with SL 414.2
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. In addition to this there is a strong trendline (marked with green color), which is providing support to the stock.
BPCL IN DAILY TF. H&S FORMATIONHello, Hope y'all are fine.
This the chart of BPCL in daily timeframe.
We have a Head & Shoulder forming here.So you can expect a downside target upto 385 and 365
Breaking the neckline will be the entry.
Multiple Touches, Ascending Triangle Breakout - Buy on Dip Weekly Support and towards Ascending Triangle Breakout.
Details on Chart.
Note: This is for educational purpose only.
[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 Forming Morning star on weekly chartsBPCL is right at its trend line, offering a great risk to reward ratio, morning star seen right at the trend line, from here on if it reverses could see huge bull run in coming weeks
bpcl-weeklyparallel channel -weekly
see chart and observe
will it take support?
Educational purpose only.
This is not a recommendation -
Inspired by - Trading Mirror telugu
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 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.
