BPCL trade ideas
BPCL - Bullish SwingBPCL has tested it's 200-EMA since last 8 days and now taking off.
Also, the last day volume is more than the average volume.
The graph also forming an ascending triangle pattern with higher lows while the upper resistance is maintained near 460 Levels.
BPCL- SWING TRADEIt was continuously taking support at the 200 D EMA, which is also a Fibonacci level. Increasing volumes in the last two trading sessions. Looks perfect for a swing trade with a reward to risk ratio of 2:1.
Please let me know your views in the comment section.
BPCL at WEEKLY Trendline Supportit has formed a bullish weekly candle at support trendline.
it retested breakout resistance trendline.
it formed bullish engulfing pattern on weekly.
NSE:BPCL Using Trend Lines to identify SHORT & LONG pointsTrend lines / parallel channel on daily time frame helps to identify where safe long/short positions can be created. Stop Loss is low but reward is high.
BPCL Bearish H&SBearish pattern in BPCL is forming. It's on the crucial support right now. It's taking support on 200 ema as well, so a breakout below 400 levels with volume can push this stock in bearish trend.
Note:
This is strictly for educational purposes, I'm still learning the concepts of the stock market. Do your own analysis before taking any positions.
BPCL Made the Short Term Low?The stock has taken support at 200 MA and we may see higher levels until 200 MA is intact on the downside.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BPCL at key support (Long)BPCL at key support, both horizontal and trend channel support.
Accumulate in the area 400-403.
Target 1: 440
Target 2: 480
Stop: below 370
BPCL ready for breakout..!!Swing Trade:
1hr chart analysis of BPCL
Buy: After breakout
SL & T: as mentioned
Stock has retested its major trend and is ready to move upwards.
-Mohit Rajani
BPCL is on important support on daily time frame also on 200DMA BPCL is on important support on daily time frame also on 200DMA support
