BPCL trade ideas
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
Anticipating a reversal545 is a strong resistance and a reversal can be seen from that point and further channel brakout downward can possibly be seen. Or the current trading point is also a strong level 496.05 , Prices might/can reverese from here itself. One must not trade in the range 496.05 to 545 wait for downward breakout confirmations.
BPCL | BUY ABOVE 500We can see free buying coming in this stock once sustains above 500 and we can see 535 and upper targets in near future.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
ANALYSISBPCL is again seen facing resistance at the same levels again , 470 can act as a support for now.
If there is a good move to day and closing above the trendline then we can look for 510 & 540 as TARGETS
BPCL 1hr analysisBPCL is moving in an extending channel pattern
It could give a good move after the breakout
490 will be the first target, if it fails, it may take
support at 445 which is a support area
Short Idea on BPCLPrice is reversing from a supply zone and price formed a nice trendline structure to the supply zone. We could go short when price breaks below the trendline.
BPCL Swing trade idea#BPCL Swing buy between 468-470 for 480 as target with SL at 462. #swing #positional
ascending trianglebuy call on Bharat Petroleum Corporation with a target price of Rs 615. The current market price of Bharat Petroleum Corporation is Rs 491
BPCL LongBPCL Long
Inverse Head & shoulders pattern breakout
Buy at CMP- 471
SL- 455
Target- 495, 510
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
Breakout in BPCL above Rs. 500/505 levelBreakout possible above Rs 500/505
Most of the technical indicators suggest strong buy on this stock
(Target 10 to 20%)
Only for educational purpose
BPCL can move 30% from here...keep it on radar bpcl formed wedge pattern if closed above 505 then it can show 550/600/650
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..
BPCL.... In the bull runLooks like we have a breakout this time in the charts. Safe to enter above 500... For long-term benefits...
