BPCL trade ideas
BPCL - Cup & Handle Bullish Chart PatternNice clean Cup & Handle chart pattern is visible in BPCL today. Suggest to go long with Short term target of 495. Expecting some good news flow on the counter in coming days is adding strength.
Disclaimer : Above view are for educational purpose only.
BPCL 1W TF Mutiple touches at supply zone.
Let's see if the year-long resistance (supply zone) gets breached. Key levels to eye on 475-481
BPCL - Ascending Triangle with Cup & Handle formationThe market structure has been Bullish on a higher time frame. The price has been moving in the ascending triangle for a long time. In addition to this, the cup and handle can also be seen
which makes it a high probability setup. The target of Ascending triangle and Cup & Handle are almost overlapping in the 620-630 zone.
You are always advised to use an appropriate Risk-Reward ratio as per your strategy.
If you like my charts, make sure to share and comment.
P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk.
BPCL cup and handle pattern target 548, 621Weekly chart of BPCL has formed Cup & handle. Go long above 485 with volume for targets 548 and 600 ++ . SL 437
BPCL : LONGLONG AT OPEN RATE / CMP
TARGET - 466 - 469 - 472
STOP LOSS - 453
Note: I am just trader like you, not god or any registered stock advisor.
So I request before taking any position according to my view discuss with
your financial planner or take on own responsibility.
Thanks
long on BPCL , CUP WITH HANDLE long on bpcl as it has give cup with handle pattern,rsi is also showing strength
Cup and handle pattern on BPCLCup and handle pattern on BPCL weekly TF. Breakout can give good up move.
Game of Price ActionEDUCATIONAL
NSE:BPCL is following smooth and pure action. It has been taking supports over T1,facing resistance against T2 and crafting a flat top triangular pattern while getting squeezed. NSE:BPCL had also made a falling wedge pattern inside the triangle and too respected it.
I had entered in it at 419.2 with stop loss below 400 and patiently waiting for my target of 540.
Like & Follow for new updates.
Study 12: Ascending Triangle - BPCLThis is just for study purpose. Lets wait for the Ascending Triangle to break out.
Go long Bharat Petroleum Corporation Limited is engaged in offering motor spirit (MS), high speed diesel (HSD) and liquefied petroleum gas (LPG). The Company is engaged in the business of refining of crude oil and marketing of petroleum products.
BPCL FORMING ROUNDING BOTTOM ! BULLISH PATTERNSBPCL ON ITS DAILY CHART IS FORMING ROUNDING BOTTOM PATTERN.
BPCL - Short BPCL has rallied with not much volume and this looks more like a short covering. Right now it is near Harmonic PRZ and also at its historical resistance. It is expected to correct from the marked zone. Risk reward is also looking in favor.
CMP - 453.7
Entry - 456.5
Target 1 - 443.15
Target 2 - 434.9
Target 3 - 428.25
Stop Loss - 464.65
This is only for educational purpose and please consult your financial advisor before making any investment.
BPCL : Positional BUY trade with very good RRMy wave analysis suggest a nice BUY for BPCL - do not miss it..
We are in correction now, if you can start accumulation then it is good.. go for smaller quantities first.
Happy Trading.
