bpcl both buy and sell just wait for pull back and volumesame goes for here if it went down wait for pullaback it may be fill the gap
BPCL trade ideas
Bpcl short sideHello guys i had find this selling setup in 4h timeframe which is at upper channel resistance and also broken structure we have a good opportunity to do swing trade here with above swing sl and below channel tg also plzz guys do your oen analysis before taking any trade if you like my analysis plzz like share and follow thank you
A nice trade to shortIt is a nice opportunity to sell this share on 15 min time frame
Reasons to sell-
1. Overall downtrend.
2. Formation of lower high on 1 hr time frame.
3. Pull back completed on Fibbonacci level
Retested the TL .Time for BPCL to go Long BPCL has broken the Long Term TL and has also retested it and the support zone near 464-469. A bullish confirmation daily candle is required to go long. The RSI is also in an oversold position.
The Short Term Hourly chart shows that it is in a Falling Wedge Pattern. So a break above would be a good time to enter the stock for a Medium Term Target of 536.
How to Do Swing trading in BPCL ✺----------------Drop a follow here: @Averoy_Apoorv_Analysis ✺ I post Good and potential trading ideas on daily basis on this page of mine :)
✺✺ Target: 1000 Followers ✺✺
Chart Type: Falling wedge type consolidation going on in 1hr TF, A possible good trade can be initiated here with a risk of 3% and Reward TGT of 4% - 6&, Possible activation only on 1hr Breakout from this consolidation and close too = good to go long, SL would be according to your own risk and manage according to yourself
✺--------------------------- Motivational and psychological area ✺
✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only.
✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow
✣Don't lose hope and keep grinding
✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily.
✣Focus on the process, you are here to make money not stupid decisions, and lose it all
✣No one will help you climb the mountain, few will tell the path, so follow good peoples, make good mentors and make good decisions and choices in the stock market.
✣Believe in yourself :)
✺------------------------------------ Some info-------------------------- ✺
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼I don't take all the trades I post
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
<<<<<< Thank You Have a Nice Trading Day >>>>>>
BPCL following the downward trend lineBPCL following the downward trend line and take support at range of 420 and then high chance to break the triangle pattern
BPCL_INTRADAY OPPORTUNITYBPCL can be traded for intraday on 23rd June21 if it breaks the trendline.
(for educational purpose only)
ASCENDING TRINGLETHIS IS ASCENDING TRANGLE AND WAIT FOR IT'S BREAKOUT AND ALSO OPEN 1H TIME FRAME IS HAD GIVEN BREAK DOWN ON DECENDING TRINGLE SO WAIT FOR PRICE TO COME OF 1D TREND LINE
Wave count indicating long / If interested give me a LikeWave count indicating long / If interested give me a Like
'BPCL' intraday opportunity for 18th June 2021The above chart is only for educational purpose.
Make sure you don't trade blindly, reanalyze and trade.
Positional or Swing Trade in BPCL.BPCL can be a good buy for positional or swing trade as you can see stock is making ASCENDING TRIANGLE pattern in one day chart and also made a CUP AND HANDLE breakout recently near the important resistance level,and then also broke the resistance level and now it is near the important S&R area.If it retested on it It can be a good buy and we can see it on 510 levels soon.
Buy BPCLMy previous prediction is achieved very fast in short term.
Now the stock is on the resistance line.
Best opportunity to buy for the short tem for target 500.
After some time I suggest to squer off or not .
Stay connected.
BPCLBPCL IS MOVING TOWARDS ITS ATH.
ANALYSIS
1)ECONOMY OPENING
2)HIGHER DEMAND
TARGET
ATH IS THE PRIMARY TARGET, BREAKING ATH MIGHT BRING STUPENDOUS MOMENTUM IN OIL MARKETING STOCKS AS A WHOLE
#BPCL#BPCL on important level either it will break upside or break down side.
Wait for re-test to entry.
This is only for educational purpose.
Long BPCLBullish movement is possible as BPCL is privatization bound and has reported strong financials due to inventory gains.
Technical Analysis shows the formation of ascending triangle
The breakout happened and is being tested currently.
Target 1- 545 (All time high)
Target 2- 750
Stoploss- 466
For educational purposes only. Please take your investment decisions wisely.
BPCL Stock Update on Previous Breakout and TargetHello Everyone,
Few days back BPCL technical breakout on weekly charts was updated and this is follow up update, we have projected BPCL to move towards 540 & now BPCL reached till 485 slow and steady move in BPCL.
Let's hope for the best that in few days it will reach to 540 levels.
For Educational Purpose Only
If you like the stock idea please hit like and also share.
