BPCLBPCL: Looking Good
Head & Shoulder Pattern & Flag Pattern Breakout
Buy Above 440 Add Until 380 Stop-Loss 375
Target 480-520-540-600+++
Positional Call
BPCL trade ideas
BPCL stock to be taken for long Again BPCL at the verge of BO on daily. Buy above 445 Target 472 with SL 434. This is for your educational purpose only.
BPCL BREAKOUTAfter long consolidation in triangular pattern BPCL has finally given a breakout upside.Volume around is also good.
Best BUY around 435-443 , SL should of the swing low 372 and Targets are mentioned with green lines.
LIKE AND FOLLOW TO REGULAR UPDATES.
BPCL READY TO BLAST "WEEEKLY BREAKOUT"BUY ABOVE 436.50
AS IT'S WEEKLY BREAKOUT LEVEL PLUS 61.8 finoacci retracement level
NEXT TARGET IS 485/510
SL 425
BPCL - Weekly breakoutBPCL has come out of a triangle giving breakout on weekly chart.
Also sits on support zone which makes it more likely to go up.
forecasting idea for good Risk reward ratioi don't have idea why it needs to move down for going up.. Just i am forecasting for better risk reward ratio
BPCL CHART ANALYSISMY PERSONAL VIEW ON BPCL.
BPCL is at mqajor resistance, if price sustain above the resistance then it might be continue its uptren.
If price fail to sustain then it may come down. NSE:BPCL
BPCL positional buy Breakout in BPCL chart ..maintain a SL of of 380 with a minimum target of 480-500...
#BPCL Price Rejection with High Volumes# BPCL forming a triangle in Daily Charts, getting rejected at 430-440 zone with Good Volumes.will initiate a short trade below 422 for T1 400 & T2 375, will put SL of 338. Let's See
BPCL : approaching towards Symmetric Triangle BreakoutMomentum is good
Volume is good
above 200 dma
forming symmetric triangle
Buy above Previous Day high with sl 395
Target 482, 520
BPCL - Long Term - Symmetrical Triangle Breakout#BPCL breaking out of a symmetrical triangle. 680 the price target in a period of about 12 months with this month's low of 380 as the stop loss.
Time Scale : Monthly
BPCL - Triangle with Resistance.This stock is making a trend continuation pattern in weekly timeframe. A triangle pattern is always a good sign for a investor/trader.
Weekly chart for the reference:-
Some of its peers are also showing some good signs as well.
For Example Hpcl is trying to break a longer term trendline and is trying to break a previous swing as well.
If peers are also trying to break the trend then there must be something going on. HPCL Weekly attached:-
Lets come to Daily now on BPCL where it has been testing resistance again and again.Levels of 440 will play important role as it is a resistance and will create a confluence zone as trendline is also there.
Do not enter in stock until and unless it holds at those levels for a while because if new positions are not built before breaking out then it might lead to false breakout.
Avoid the stock if it keeps on going one way without stopping.
Keep and eye folks. Cheers and Happy Trading.
Disclaimer:- I am not SEBI registered.Trade with your own risk and trade with caution.
Buzzing BPCLBPCL formed a channel pattern. Also bullish engulfing candlestick pattern formed. we can expect to break the channel pattern. one of the reasons for bullishness is it broked triangle pattern ( This article is in the related ideas section once go through it for better clarity ) which is formed from past 2 years.
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Please LIKE you are convinced with my explanation, if not let me know in the comment section. I am eagerly waiting for your reply whether it good or bad just reply to this article.
Thanks for reading.
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Disclaimer:- It's just for educational purposes.
Buy BPCL to take long entryBuy BPCL above 412 Target price 425-430 with the SL of 402. This is for your educational purpose only.
BPCL Bullish for swing or short term Trade.NSE:BPCL
BPCL on daily chart looks bullish for swing or short term trade.
On daily chart of BPCL after price rejection from 436 on 9th of February 2021 it did not received proper follow through for selling and went sideways for few days.
On 17th February 2021 though it made Gap Down opening which at that time seems like good opportunity for seller but if you observe the daily candle of that day its seems sellers were weak and they didn’t managed to keep the prices lower and hence day closes near the high which indicates that there is very less supply in this stock at least for now.
Result of which we are seeing today is stock prices are moving higher and day’s closes likely to be near its high which is going to be good opportunity for swing or short term trader. But one can prefer to wait for a breakout to the resistance level of 436.
SL for this trade is going to be at 375 while targets being of 480 and 520.
