BPCL Bearish Head & Shoulder formation on daily charts and retest of breakdown done.Potential R:R 1:2
BPCL trade ideas
BPCL | Weekly Chart | 6 years BO | Chart analysis on Weekly time frame:
Analysis:
1. Resistance zone is tested 5 times before final BO making it very critical resistance zone.
2. Before BO, consolidation happened supported by volume build up which eventually indicates that the stock accumulation is happening.
Breakout: Consolidation phase BO happened on 2-Feb-2024 followed by BO supporting candle.
Trade setup:
Entry price: If price closes above 577.85.
Stop loss: Below 522.3
Target 1: 667.7
Target 2: 813.1
Target 3: 855.9
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades
BPCL - Flag Pattern !!!BPCL is trying to break flag pattern. We shall buy it once it breaks the pattern for an immediate target of 800 and then to 920+. Other factors:
1. RSI will start moving up
2. MACD will also improve
3. BPCL on daily basis has bounced from 20EMA, showing a strong bullish pattern.
"Clean Charts, Easy Charts"
Learning & Earning!!
Cheers!!
07/03/2024 BPCL sell the bounce structure BPCL sell the bounce structure if nifty show the weakness if BPCL break the resistance level then avoid this stock if you like my analysis then follow me and see my past stock analysis and I give you daily analysis
BPCL SHORT TERMBPCL Moving Average Support On Daily Chart
Market Sentiment is very bullish
I am anticipating a move in the stock in the coming times.
Here are the details of the equation purpose no buy recommendation.
short-term position.
Swing Term level
BPCL Breakout target 900+Hi,
Eecepting NSE:BPCL to reach target of 900 Rs. in coming days/weeks. A very nice price action supported by good volume is seen in BPCL. It is also bullish on daily, weekly and Monthly MACD Charts. Expecting the momentum to continue...
NSE:BPCL is currently trading at very good buying levels.
This is for educational purpose only...
BPCL ON FIRE The PSU stock has formed a cup and handle pattern which is also a continuation pattern indicating bull run moreover it has giving breakout from a consolidation forming since 2017 and has breached crucial resistance of 547 . the stock can be seen trading at 800 levels in no time
BPCL AnalysisThis is the analysis of Bharat Petroleum Corporation Ltd. (BPCL).
The company has solid fundamentals, and even on charts we can see amazing move recently.
I am anticipating a correction move in the stock in coming times.
Here are the details of the analysis-
Accumulation Zone- 570- 588
Stoploss- 558
Targets- 636, 680
Duration- 2-3 months.
The risk to reward is between 1:2 to 1:3 which is the perfect setup for any trade.
Let me know what you think.
BPCL good for upward momentumBPCL good for upward momentum, have broken the high and with good volume
BPCL at XABCD bearish harmonic patternBPCL has given a good rally towards trendline on monthly timeframe
expecting a correction from 480 level
with a small stoploss of 500
correction wave target till 400
above 525 stock will be super bullish
Multiyear Breakout With Strong Closing- Looking Good -6.5 year old resistance breakout with high volume and strong closing
-Rsi clear looking very strong
-keep in radar it can give decent return in midterm
BPCL TARGET 689 STOP LOSS 549Script is brekaout from the long term resistance of 549 and sustained weekly closing and intraday closing. Target is 689
Bharat Petrol Corp: Uptrend Continues After Multi-Year BreakoutAnalysis:
The chart you provided shows BPCL's stock price currently trading at ₹558.38, which is above the multi-year resistance level of ₹541.60 marked by the blue line. This recent breakout, accompanied by strong volume, suggests a potential continuation of the uptrend.
Key Points:
Breakout confirmed : BPCL successfully broke above the multi-year resistance level, indicating a potential trend shift from resistance to support.
Uptrend momentum : The price continues to climb after the breakout, suggesting sustained buying pressure.
Volume confirmation: Increased volume during the breakout reinforces the bullish sentiment.
Trading Strategies:
Aggressive:
Enter long immediately if the price sustains above the current level (₹558.38) with continued buying volume.
Set a stop-loss order below the breakout level (₹541.60) to manage risk.
Potential short-term target prices could be ₹580 and ₹600 based on chart patterns and Fibonacci extensions.
Conservative:
Wait for a potential pullback towards the breakout level (₹541.60)
Enter long if the price finds support at the pullback level and shows signs of bullish reversal (e.g., hammer candlestick pattern).
Utilize a stop-loss order below the pullback low for risk management.
Additional Considerations:
While the technical analysis is promising, remember that the stock market is inherently volatile.
Conduct your own fundamental research to assess BPCL's financial health and future prospects before making investment decisions.
Manage your risk effectively using stop-loss orders and appropriate position sizing.
Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Please do your own research before making any investment decisions.
BPCL on a multi year breakoutThere is a strong resistance at 550 and stock has now given a breakout . The stock was in a channel from 2018 to 2024 and now the channel is broken that too with a MA golden cross-over. Can wait for the confirmation and retest .
For educational purposes only
BPCL 22% upside possible in next 30 days - Targets 565BPCL 22% upside possible in next 30 days - Targets 565
Seems to be Flag Pattern breakout on daily Charts.
Happy investing.
BPCL BPCL has breached the 6 Years range on today and closed above 555
Break the long term ascending triangle chart pattern and Trading at All time high
Trading above all KEY EMAs
Indicator shows bullish signal
Multiyear Breakout
Keep in WATCHLIST
PSU and Undervalued stock
Looking good for long term
BPCL - Pole and Flag for long time. along with darvis box setupBPCL - Pole and Flag for long time. along with darvis box setup
Chart speak for it self.
Min target is mentioned.
This is only for education purpose.
Don't buy or sell the stock based on this..
BPCL Analysis for Swing Trading 29.01.2024 - Feb 2024It is observed that BPCL is trading at crucial resistance level. Seems time to get corrected. And the results are also going to announce tomorrow.
Keep your SL at 490.
Possible to go down till 461, 449 and 409
BPCL FOR INTRA DAY OR 2,3 DAYS SWING TRADEBPCL intra-day or swing trade with small SL and decent targets
ENTRY: 484-485 or dip at 485-486 (if gap up)
StopLoss: 480 or just below 480
TARGET: 490,500,505++
Note: if any trade or value has gone from the place we decided to enter then thats not our trade wait for it to come back or let it go
I am not sebi registered this is my personal view
Possible Monthly year breakoutFirst I saw this chart from @srikartiram on Trading View.
I started with less capital. I traded in BPCL to increase the capital.
Not telling this for a trade. But want to give credit to Srikartiram for the one of the first charts I possibly see or understand or like.
Bullish On BPCLon weekly time frame it is showing Symmetrical triangle pattern breakout on level 485, now its right time to buy the stock on levels 485-500
bpcl inv h&S formed, keep adding in delivery and hold for 1 yearIOC and BPCL will be the outperformers for the whole year. BPCL has clear inv h&S formed on daily charts.
Look to sell put options and keep adding in delivery. i m holding huge delivery... excellent dividend payer.
