BPCL ON TRIANGLE BOBPCL: Forms Tringle ,It may test 482 and after that it will consider as BO next level for 550.
Volume and divergence clearly seen positive at recent bottom and also form Double bottom on weekly chart.
BPCL trade ideas
BPCL Swing TradeLooks like a good swing trade for a good 7% Upside. Low risk to reward but look a high probability trade.
PS: This is only for educational Purpose kindly do your own study before trading.
BPCL - Long strategyPrices have risen from a falling trendline and have been consolidating for over 3 weeks and made it's first attempt at breaching past the last two weeks resistance levels.
RSI Levels are currently at 57.90
Go long should it cross 60 at tomorrow's opening
GMMA has ended the day with a positive momentum sign.
KST has shown a positive crossover
Prices have closed above 50 DMA and can be considered bullish
BB is showing a squeeze at 10Min time frame
KST has shown a positive crossover
Entry @ 465.10
Target: 469.49 (Rs. 4.40)
Stoploss @ 463.44 (Rs 1.66)
[ INTRADAY ] 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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[ INTRADAY ] BPCL SHORT BETrisk: Reward ratio is 1: 2
Rest as per Charts
********
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.
=======
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.
=======
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
********
BPCL For Long BPCL was made the Ascending chart Pattern and now in range whenever it break it will goes up.
BPCL on break or back on trackNSE:BPCL is approaching towards its previous resistance zone, either it will make a breakout or respect the resistance line and will stay in a range bound.
do like the analysis if it is worth!!!!
BPCL - SWING IdeaBPCL has an opportunity for swing entry with a potential of up to 495-500 level target. I am not interested in this setup because the RR is just about 1:1. Posting just for educational purposes. Rather I would trade after a breakout.
Possible Reversal on daily chart - Buy BPCL1. MACD showing strength
2. Energy sector looks bullish
3. Supported by increase in reliance
4. Possible reversal from Support trendline
5. Weekly trend is uptrend
BPCL channel for swing following a channel may see some upward supportive movement further ,can give a channel breakou with stop loss of 434
BPCL Clear up movement Possible if the given level is crossed bpcl Announced date of big dividend too so buyers will be there most probably. Do like ideas , do follow me for more ideas on other shares like Asian paints , L&T , etc.. .
BPCL - Bullish Hammer at SupportNote: This is for educational purpose only. Please do not trade in F&O based on this.
There seems to be a bullish hammer at support of ascending triangle. Moreover, RSI is above 50 which indicates mildly bullish.
Buy above high of the current candle.
SL: ₹ 419
BPCL - Expecting a good up move🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
Comments
BPCL EQUITY levels ...16/08/2021 (D candle)BPCL EQUITY forms harmonic pattern and its going to break previous resistance ...so its chances to reach 480+ in short term
BPCL ( Ascending triangle pattern formed )NSE:BPCL
let see the price action = Ascending triangle pattern formed
* buy above =(465)
* 1 target =480
* 2 target =490
IT IS MY OWN ANALYSIS
LET TELL YOU OPINION ABOUT THIS STOCK IN COMMENT 😉
BPCL - buyBuy from cmp to 448
easy target 458
tg2 - 464
Disclaimer : This is my personal analysis for study purpose not intended for trading
BUYING OPPORTUNITY IN BPCLA very strong support in the stock and good fibo levels.
Good buying level around 455 and above.
If the stock show some fall then the support level will be a good buying zone
Very good targets can be achieved
bpcl cup&handle ready to roarcup&hndle is really interesting text book theory that need no introduction
i think it just need a good strength before moving in direction
fibnocci scale at 61% looks healthy pullback
also their is 3 dips
