BPCL trade ideas
BPCL Long Term ViewBuy - 386
Stop Loss - 364
Target - 486
NSE:BPCL
BPCL is on the verge of Break out of a long time resistance.
Kindly note this is a Prediction and not a recommendation
Wave 5 or Starting of Wave 3 in BPCLNSE:BPCL
BPCL is in consolidation for 5 years and it's clear structure of wave abcde . Wave abcde always formed in wave 4 only. It seems like wave 4 is completed and BPCL is in wave 5 to complete the wave structure.
Minimum Target is 805/-
BPCL Swing TradeNSE:BPCL
Chart and Indicators are showing bullish divergence. Stock is just below 200 EMA on 2,3,4 hours chart. It's better to wait and watch and enter at HH level which is near 357.70/-
Target: -
1)Target is between 366 - 368
Avoid this setup for 15 mins after opening the market to take trade.
BPCL -long inside bar formation above the conflunce of 18,50,200 day EMA .price breaking out form a parallel channel
target and SL marked
BPCL - Bullish Swing Reversal with VolumesNSE: BPCL is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
BPCL Long ViewThe price of BPCL has been in a nice narrowing consolidation over several months now. I am expecting a breakout or a retest of the 415-420 levels with the upcoming earnings catalyst in the first week of Feb which would make this a good time to enter a long position for a medium to long duration as auto sales in the last quarter have been impressive. Entry could be anywhere below 390 with a stop loss around 370-360 as per your risk management.
Good Support in BPCLTaken support and ready for up move
I am not SEBI registered analyst and this is not a buy/sell suggestion
This is just for knowledge purpose.
BPCL: Fully Bullish
Coming out of the triangle marked at 1H Chart. Please be patient. Wait for at least one hour and buy above 345. Preferably wait for today and let it become bullish in 5 minutes chart and then buy.
BPCL - Loss from Oil Marketing VerticalWith Crude holding up..OMC's are loosing Rs5-7 per liter of fuel retailed.
The last time this happened these co's reported losses.
short BPCL below 242.90 with a SL above 253.
The stock could fall to 306.
BPCL long for short termmake a position on BPCL at 10% return
Target 397
Stop loss 338
Make a long after it breaks the range of 397
435 followed by 500
This is a long-term
BPCL - Weekly AnalysisIn the Weekly Chart of BPCL ,
we can see that; it is at decision making point.
Possible momentums are shown in chart.
BPCL : Bulls are getting control
Please don't be in hurry. Buy in consonance with other indicators like William R%. May use combination of 34 & 5 EMA . Please necessarily watch the candle on 4th October mentioned in my last discussion on the stock.
I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision.
bpcl - may bounce from hereDisclaimer : This is my personal analysis for study purpose not intended for trading.
BPCL - Reversal Mode
BPCL showing reversal towards upwards trend as marked by sky yellow path line with base. Levels have been marked on the chart. However, don't be in hurry, it will be better to watch low of 29th September and then enter.
I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. It is only for educational purposes.
BPCL - Confirmation - Buy above 352.95
Please refer to my previous discussion on BPCL. The trendline marked in the chart confirms the same. Let the things stabilize in the next two days, then only enter.
BPCL Buy above exact level of 352.95
Buy above 352. 95, Target 363
As per my earlier discussion on the stock, buying level was given above 360, but that is modified now at above level. Don't be in haste, let the levels come. Then execute with proper indicators.
The levels which I prescribe are on closing basis. Yesterday it closed above this, Let it remain above this level of 352.95 or retrace above this level only then buy.
I am not a SEBI Registered Analyst, consult your financial Advisor before making a decision. I will not be responsible for any of your profits or losses.
Buy BPCL - Target 400BPCL moves within channels. Here I have marked channels post 2020. Red shows weekly channels-black shows daily channels and green shows current channel.
Short term target is 400. Exit if close below green support.
BPCLBPCL possible wave counts. minor time frame shows correction details and shows possibilities of move from here . any correction in counts are welcome to continue learning ew theory of counting for better understanding
BPCL - Go long
BPCL Daily Chart showing that it is very bullish above 360.65. Also watch the future levels marked in the chart for your convenience. I am publishing everything only in the words that everyone of us can understand. No difficult technical aspects. Although all of them have been taken into consideration.
Special mention here is that do not be in haste. All the levels are on closing basis. If you dont get levels in the same date, wait for the next day.
I am not a SEBI Registered Analyst, please consult your financial advisor before making any decision.
Let you grow. May! I follow you.
Thank you
BPCL can look for 318-320 dip levelsBPCL can look for 318-320 dip levels for tp of 340-342
risk 1.90% and reward 7%
just watch for the levels in coming days
dc : only for educational purpose
#BPCL Cash : Looks good above 365.10#BPCL Cash -Positional call
10 Sept 2023
Looks good above 365.10
and dips 356-357
SL 348
Target 385-390/440
Cmp 361.95
BPCL-long weekly chart shows bullish engulfing pattern
moving up from 200 day EMA
can reach 420 levels soon
