Market insights
picture perfect reason why we should look into longer time framehere , in day chart this scrip looks like a good pattern to buy . but when you look into the weekly tf you can find that its right at the middle of the range within which it is for years! , as far as the current trend is concerned . this looks bullish . I personally don't take this trade due to this as the tides can turn either way . this scrip is only for educational purpose!
BPCL Highest Closing Of 7 Months (30 Weeks, 210 Days)Buy Bpcl At Cmp 449.85 & On Dips To 430-435
Strict SL - 417 (DCB)
Target - 481/500/525+++
hope it is still bearish on 18 march guys i think we should short if it breaks 428 and buy if it moves above 436
share your opinion
BPCL (short term)Bpcl
1) Trading in perfect box & sideways
2) Have to trade only after a breakout
3) The height of a box can be taken as target
BPCL DOJI BPCL day candle doji means price action in between buyer and seller coz we dont know who win that fight so we trade according to market action in buyer win the green candle we will sit buy side and if seller win we will sit seller side .
AscendingTriangleBOBPCL has made a AscendingTriangle breakout in daily scale. Post breakout it completed BO retest. Copy book target for the pattern is 545 which is 25% away from neckline 433. Its a very good positional #Investment candidate upon this pullback. Monthly RSIStairs also broke out above 55. ADX rising and above 22 indicating momentum in bulls favor. Hedgers may think of hedging it. Breakout above 481 it will gain further momentum.
Big Block DealZee Business Managing Editor Anil Singhvi said that today there was a Big Block Deal that went through on BPCL. The company is going to sell 16 cr shares worth Rs 7000 cr via Block Deal. Treasury shares means the company that has its own shares, explains Singhvi. Generally, companies sell Treasury shares and try to avoid keeping them. So, while investors get the shares, the company gets the cash
BPCL INTRADAY STOCK FOR 10 MARCH 21BPCL INTRADAY STOCK FOR 9 MARCH 21
Search for details "ichimoku trader intraday stocks 10 march 21"
BPCL, 1D. PENNANT CHART PATTERN, waiting for a BREAKOUTBPCL, 1D, Running in the horizontal Parallel Channel.
Above all the Moving Averages.
19th feb, daily candle took support on the trendline.
Wait for a Proper Breakout Above 446.50.
All targets are marked on the chart.
PS: All analyses are for educational purposes only.
BPCL long in weekly chart BPCL gave breakout . Right time to enter . you can use daily chart line for choosing entry .
#swingtrading
#priceaction
#wedgepattern
