BPCL trade ideas
WEEKLY DURATION MAJOR TREND LINE ANALYSIS !BPCL is clearly seen taking support from its major trend since past 1 year. It is very difficult to break this trend line. Hence it is good opportunity to go long with small SL.
Tips : This is weekly chart , Use weekly chart for trend analysis. Use daily chart to find proper bullish candlestick reversal pattern on this trend line and use 1 hour time frame for smooth entry.
Put stop loss little below the trend line and aim for at least 7%+ target or as per your holding power.
This is major trend line analysis done for mainly educational purpose , feel free to share your views/feedback.
PBCL is likely to breakoutcurrent market price 445.50. My target 480(within 20 days)
BPCL is just above its 1 year strong trendline. May have a good rally in upcoming days. Keep on your RADAR.
Qucik 8% grab on bpclbuy at current levels as the stock is at a good long term support,Sell at 480 place stop loss at 435;
Disc:- For educational purpose only.
BPCL long Long BPCL between 435-445 target 475 SL 422. Watch stock is taking support the TL and High probability to move stock once again either from the TL or Support area.
This is for your educational purpose only. Happy Trading !
looks weak head & shoulders patternBPCL is looking weak
wait for head and shoulders pattern to break the neck line.
Buy BPCL, Add on dipsBPCL has been respecting the various trendlines shown is bound for a multi year break out. Short term traders can buy now and can have targets of 482. Stop loss around previous pullback. Add on dips if you are and investor and keep an eye out on earnings.
BPCL took perfect support it's 100 DEMANSE:BPCL is looking to respect it's 100 DEMA. It has bounced back from there only.
BPCL INTRADAY 15 MINStock showing short term consolidation and RISING Adx. Might give a good move on any side.
Also, stock is closed below 50 MA on daily time frame and now 50 MA is acting as resistance.
BPCL - Pullback if 460 sustains BPCL - if 460 is crossed decisively , this could see an ups or in short term. Accumulate.
BPCLBuy Above 466 as stock strength at bottom with reversal confirmation now Bpcl start its ride for below Mentioned Targets
T1 - 490
T2- 520
T3- 550
SL 440 ( Day Closing)
Holding Period Mid term
Falling Wedge Break Out. V shape recover possible.Stock has given a falling wedge break out on Daily Time Frame. Looking good above 468.
BPCL DAILY TIME FRAMEBPCL ON DAILY TIME FRAME WAS TRADING IN A CHANNEL WHICH GAVE BREAK OUT. BUT IT TOOK RESISTANCE FROM 50MA ON DAILY TIME FRAME.
buy bpcl for 12% profitonly for trading purpose stop also make stoploss with carefully
see how stock touch their trend line and goes up
BPCL Near Triangle BreakoutNear Triangle Breakout
Buy Bpcl Only Above 481 (DCB)
Strict SL - 453.9
Target - 550
BPCL Buy Scenario!!!BPCL daily time frame has given a breakout of the resistance trendline.
Can expect a good upside movement.
this is only a trade idea. pls consult your fianacial adviser before investing.
learning purposeTradeline support . 490 is a resistance .Not a trade recommendation only for learning Purpose
BPCL strong breakout expectedBPCL is just took a support from trend line from march 2020 and also break the triangle chart pattern so one can go for long till 500 and stoploss 5%
