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 trade ideas
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
BPCL long target 400+Buy BPCL above between 558 to 365
SL 338
T1 - 387 (1:1)
T2 - 409 (1:2)
Index OIL n Gas Index will try to make higher high so Index will be bullish.
BPCL forming bullish head and shoulder pattern on weekly time frame.
BPCL formed W pattern breakout with volume
Took support from bottom trend line
bpcl buy weekly candle confirmation bullish signal at support
buy opptunity in BPCL
target 460
target 2nd 580
weekly cnadle close above previous candle
BPCL - Election Cycle ShortWith us entering an election cycle and crude prices rising..the govt won't increase prices of Petrol/Diesel which would spark inflation.
IF prices are held constant..OMC's will start making a loss. (Esp if the govt doesn't reduce taxes on fuels)
Short below 350 with a SL above 355.
There will be a trendline breakdown but also the stock will fail to move above the 200EMA on the daily timeframe.
Channel formation in BPCLLong Swing bet is possible in BPCL
Channel Bottom Line
Demand Zone
Breakout Retest
Crude Oil looks Bearish
A good fall expected to BPCL nowThe trendline break is already confirmed ( by break of candle and Bollinger band )
BPCL Swing TradeBCPL has broken below the support zone, which has been tested multiple times in the past. This presents a good opportunity for a small swing trade.
Entry:
To take advantage of this situation, we can initiate a short position as soon as the next candle opens.
Stoploss:
For risk management, it's wise to set the stoploss just above the support level, with a little buffer added.
Target:
Our target for this trade can be set near the next support level, as indicated on the chart.
Thank you, Please like and follow me.
BPCL- Looks to bounce back.Buy Around- 348-353, keep SL at 343 on closing basis.
Target-364,370,378.
One can wait till upper range of trend.
*Note- Only for educational purposes.
#BPCLCrossing 352 can move towards
352.40 / 339.95 / 325-327 / 318.10
Went Upside to retest 392 level as ICMC
BPCL BOBPCL breaking out of Inverse H&S.
CMP 349
SL below 325, Target around 400
RR 2.29
Ideal entry could have been around 342-343
RS Looking strong on daily, RSI and MACD are in uptrend. Moving averages are also going in uptrend.
With PSE index looking good, this looks a good trade.
Disclaimer: The buy and sell recommendations provided in this report are for informational purposes only and do not constitute financial advice. The information contained in this report has been obtained from sources believed to be reliable, but its accuracy and completeness cannot be guaranteed. Any opinions expressed in this report are subject to change without notice.
Trading stocks involves substantial risk, including the loss of all or a portion of your investment. Before making any investment decisions, you should carefully consider your financial objectives, risk tolerance, and financial situation, and consult with a financial advisor if necessary.
The information and recommendations provided in this report are not intended to be used as the sole basis for making investment decisions. You should conduct your own research and analysis, and consult with a financial advisor before making any investment decisions.
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