BPCL - Time to Buy !!Dividend given...correction done to long term averages ...Narrow SL at 400....Go long...RSI oversold ...
BPCL trade ideas
BPCL, good 60 min Supply zones zone aove zone, IntradayBPCL is in a good Downtrend and there is no quality Demand on high time frame to hold or give a reversal
1 hour good Supply zones.
Both can be traded or trade only the Top Supply zone which is coinsiding with Daily Supply also is coinsiding 240 min Supply zone
Since planning for Intraday , Target should be 1:2 RR
Happy Trading.
Disclaimer:
Above Stock Analysis is based on Price Action , primarily on Institutional Demand and Supply .
It is for Learning and Understanding Purpose.
Even after a thorough research and Analysis a setup can fail due to any opposing News on the stock or on its Index or due to Market Volatility.
Hence ,if you trade on this setup kindly Take Position(Quantity) as per your Risk Management.
#BPCL Weekly chartBpcl
at trendline support
good risk reward opportunity available
Disclaimer: Educational view
BPCL, 1D , swing trade Long time resistance line breakout in day time frame there is a good target achievable in next one month
[Positional] BPCL Short IdeaNote -
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 at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy 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. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
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BPCL TRADE SETUP FOR TOMORROWBPCL share has given breakout on today once it closed above 496.
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So, Now the tomorrow we can see the good upward momentum on tomorrow.
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We can make a entry at 499 with the stop 3 or 4 and Our target would be 510.
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Risk Reward Ratio is around 1:2.
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What do you think comment below in the box.
BPCL Breakout Pullback ContinuationBPCL broke out of its resistance zone of 480, pulled back to the support zone and has exhibited continuation from the breakout. Good time to enter Long for the next resistance zone of 550 as target.
Simple Trade Setup | BPCL | 14-09-2021NSE:BPCL
Trade Setup for Date 14-09-2021:
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.
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.
BPCL (swing)Broke a long time weekly time frame , it was trading in a symmetrical triangular pattern as well , finally a good breakout today , entry 498, stop loss 478, can expect first target at 530
BPCL - Swing - Ascending Triangle Breakout possibilityBPCL : Swing
Ascending Triangle Breakout Possibility
Sustaining 495-500 is crucial for 520,530
Support at 480
Simple Trade Setup |BPCL | 13-09-2021NSE:BPCL
Observations:
1) On Weekly Time frame, It game rounding bottom breakout and then in last week it made hanging man candle.
This Hanging man candle will be a sign of bearish move if the stock fails to trade above and close above the high of this hanging man pattern.
From the chart we can see that for next bullish move it has to break and trade above 496 level otherwise there will be down move in coming days as a part of profit booking.
Please refer below chart : Weekly time frame.
2)On 15 Time Frame: It has been trading between 485.50 to 492.50 since last few days.
Please refer below chart : 15min time frame.
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Trade Setup for Date 13-09-2021:
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.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
BPCL 750 ? PossibleMy earlier bearish view on BPCL got negated as this stock kept making Higher highs and lower lows.
On daily chart it is giving a no brainer breakout which will come quickly. I am sure media guys will take it forward from here. That green channel is where the stock may retrace a bit and then mega move can come.
This is just a chart pattern discussion. Please trade your hard-earned money on advice of a registered stock market expert. I am a newbie trader :)
# Short Term Holding StockStock Name : BPCL
Stock Price : 491
View : Technically stock has made ascending triangle pattern on weekly chart. If stock gives Breakout then there will be upward rally. keep eye on it's further breakout.
Buy above 500
Target - 550 & 600
BPCL pre-market intraday analysis and setup🎇Hello Traders👋
Today i have made a post on BPCL 15m
I hope you find this post helpful and informative👍
The targets and stoploss would be given in the charts or they would be according to pivot points
Thank You
—DISCLAIMER—
I am not a SEBI registered financial advisor
Please consider your consultant's advise a must , all the setups posted here will be considered as informative and educational post
I shall not be responsible for your profits and losses
Watch for Ascending Triangle BreakoutBPCL Daily: Looks good for more upside above 492.5 on Day closing basis
1) Ascending Triangle Breakout
2) Target of 535 with SL below 483
