HORIZONTAL & TRENDLINE BREAKOUT FOR BPCLBPCL looks strong above 480.
a weekly horizontal resistance at 480 needs to break with strong volume for entry confirmation.
BPCL trade ideas
BPCL for long entryKeep an eye on BPCL, if able to BO the resistance area above 472 then we can go long . Stock forming HH on the charts. Entry only after the BO of the area.
BPCL Chart patternOnly Education purpose Bpcl follow rounding pattern and ready for breakout triangle pattern
BPCL - buy on dipsBuy < 467 upto 464
easy target 480
tg2 - 488
Disclaimer : This is my personal analysis for study purpose not intended for trading
BPCL Swing IdeaWe can expect 490 & more..in coming days
It has broken out of the supply zone and has also retested the zone.
Hence, we can expect more in this..on long side.
BPCL intraday setup 15m charthello traders
this is just a idea
i am not a financial advisor
thank you
[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 LOOKING STRONG Company has reduced debt.
Stock is providing a good dividend yield of 9.34%.
Company has been maintaining a healthy dividend payout of 85.47%
TIME TO ENTER BPCL FOR SWING Company has reduced debt.
Stock is providing a good dividend yield of 9.43%.
Company has been maintaining a healthy dividend payout of 85.47%
Market Cap
₹ 101,250 Cr.
Stock P/E
8.73
Book Value
₹ 247
Dividend Yield
9.43 %
ROCE
18.6 %
ROE
27.3 %
Face Value
₹ 10.0
Simple Trade Setup | BPCL | 27-08-2021NSE:BPCL
Observations:
1) On Daily Time frame Yesterday it broke 50DMA and today it took support from 50DMA.
Please refer chart below : daily time frame.
2) On Daily Time frame: Also it breakout the range today.
Please refer chart below : daily time frame.
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Trade Setup for Date 27-08-2021:
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 tommorrow.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
BHARAT PETROL CORP
Target:- 538
Stoploss:- 457
Stock already take support on the support line and showing upside interest with green bullish candle. So we can take long position on it.
BPCL - BreakoutBPCL looks strong from positional trade entry at cmp 469. range breakout with 4 bottoms at support zone.
BPCL LOOKS GOOD BY BPCL 465-468 TARGET 476 SL 463 .... if stock hold 465 level on the closising basis then we can esily achived the given level ....
BPCL 370 Going Down !While this stock has made 3 back-to-back head n shoulder patterns, it’s still hasn't started the descent.
There is a large descending triangle which is also formed I am not so convinced that BPCL will fall that much.
350 - 370 definitely on the charts.
This is not a trading or investing advise. Please consult a registered stock market expert for any trading / investing decision. I am a newbie trader :)
BPCL Intraday trade plan for 23 AugustBPCL
Reversed from a strong supply zone, hence probability of a down move is more.
Recent breakDOWN on 30mins and follow through after a last kiss increase the probability of a down move.
Trde plan for Monday (23 Aug 2021) can be --
Sell around 454/455
With SL at 461
Targets
T1 - 448
T2 - 442
BPCL CHARGING UP FOR BIG MOVEVCP pattern / Accending triangle. As soon the supply is taken out we can see big targets. follow if you like.
Short Sell BPCLBPCL is showing weakness since it couldn't cross it's crucial resistance level @465. Short sell with the stop loss of 459
