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.
BPCL trade ideas
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.
BPCL BreakoutLooks like a strong breakout. You may look at a shorter time frame for confirmation and investment decision.
The company has reported an exceptional gain and announced a heavy dividend too. You should check that as well.
BPCL LOOKING WEAK AT UPPPER LEVELSA similar pattern is forming at tops which we saw in March and stock gave almost 20% fall from 480 zones.
One can take the sell trade if stocks sustain below 465 for a marked target until 490 is intact on the upside.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BPCL BPCL making beautiful Cup and Handle and near an all-time high. already supported with good volumes.
Looking for long ( Target is 640). The pattern is negated below 435
BPCL_Target 575Date: 24 May 2021
BPCL (CMP:470)
Cup and handle formation taking shape. Breakout above 475 should confirm the pattern. Volume buying participation is required as well.
Target and SL given in the chart.
Duration: 2.5 months (10 Aug 2021)
BPCL Triangular Pattern ChartStock currently residing on its Resistance level. U can either hope for breakout or follow the trend line.
BPCL Trend Analysis & Trade Setup !TREND ANALYSIS & TRADE SETUP !
WAVE ANALYSIS !!
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
Wait for ENTRY CONFIRMATION !
Risk:Reward: 8-10 times.
Regards @MohitArora
BPCL_downside movement can be seenBPCL is taking support of a trendline. If it breaks with the good volume then it may show bearishness for short term.
(for educational purpose only)
