BPCL trade ideas
Bpcl- 52 week high Making HH- HL ON HOURLY CHARTMAYUR K. MEHTA
Bpcl- 52 week high
Making HH- HL ON HOURLY CHART.
buy above 377.60
Sl 371
Tgt 386-397-407
RR : 1: 1.25, 2.90, 4.45
BPCL (Updated)My First analysis. Planning to take pyramid strategy for small profits.
BPCL@373.6. Breached its resistance point at 375 with high 376.9.
Can this rally till 399? or take a reverse trend?
Note: I am 4 week old trader :)
Bharat Petroleum, BullishThe stock has been in sustained downtrend since 2021, forming rounding bottom pattern.
The correction in the stock price after dividend payout got extended further upto 298 levels.
There is also small rounding bottom pattern inside the major one along with rising wedge
pattern which is likely to breakout soon. The levels are shown on the chart, for educational
purpose only and are not any trade recommendation.
BPCL 4H TF SHORTLooking good for shorting opportunities, expecting it to give a nice confirmation, wait for 30 mins candle close .
Please follow me for more such trades.
Bpcl 1htf breakdown Bpcl 1htf breakdown from a triangle pattern
Good shorting opportunity
Small stoploss
Bpcl Triangle PatternBpcl Triangle Pattern and also a flag pattern looking good for Bullish Breakout but will wait For breakout confirmation and Lower trend line will be stoploss
BPCL DTFAfter analyzing BPCL's stock, there are indications that a potential breakout may occur in the near future.
However, it's important to note that stock market investments come with inherent risks, and predicting breakouts or price movements accurately is challenging. It's advisable to consult with a financial advisor or conduct further research to validate the analysis and make informed investment decisions.
long view on BPCL Trend change in weekly time fream , first it was making lower lowes now its creating higher highs , we can go long and our 1st target wiil be 422 , 2nd targwt will be 500 amd our sl will be 349
BPCL YEAR LONG BASE BREAKOUT TO THE UPSIDE.BPCL Weekly scale: one-year long base breakout, as price started trading above its VWAP anchored from the high of Sep 2021. Technically 15% to 20% upside potential is indicative.
Momentum indicators and Relative performance to CNX 500 are positive.
Only personal analysis. No recommendation.
BPCL Leading from front for OMCsBPCL has completed triangle in wave 4 of long term so wave 5 can reach 1400 in next 4-5 years.
Long BPCLas per gann sq root og high and low will give future swing point hence i m looking for bpcl 364
BPCL BREAKOUT RETESTBharat petroleum looking good on daily chart breaks a tough resistance at 339 zones current price is 351 according to my observation it will come for a retest of breakout and could take a bounce from there if it will happen, we can expect a target of 358 in it stop loss we can take 335 closing below resistance.
TARGET
𝑵𝑶𝑻𝑬- 𝑶𝑵𝑳𝒀 𝑭𝑶𝑹 𝑬𝑫𝑼𝑪𝑨𝑻𝑰𝑶𝑵 𝑷𝑼𝑹𝑷𝑶𝑺𝐄
BPCL up move likely#BPCL seen forming triangle pattern on monthly chart. Currently consolidating forming a rectangle pattern at the lower edge of Triangle. Breakout above rectangle may give a decent move to 430.00 plus levels. Once breakout stop loss should be placed below low of current candle around 326.00 levels. Keep watch
BPCL Weekly charts taking support from long term rising Trendline creating inverted bullish H&S pattern with positive divergence in RSI
Daily charts suggests incremental volumes at right shoulder breakout above black line CB gives good Risk Reward upside
what is The symmetrical triangle patternThe symmetrical triangle pattern is a technical analysis chart pattern that forms when the price of an asset is moving within a range, with the highs and lows converging towards each other.
it is characterized by two trend lines that converge toward each other, forming a triangle.
It is confirmed when the price breaks out of the triangle, either above the upper trend line (bullish) or below the lower trend line (bearish).
Traders often look for a price target that is equal to the height of the triangle at its widest point, projected in the direction of the breakout.
The symmetrical triangle pattern can be a reliable indicator of future price movement, but it should be used in conjunction with other technical analysis tools and market indicators.
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all the best and happy trading
VIEW ON BPCLBig breakout on the stock
Target 343/349
Stop loss 338
I am just representing my views.
For educational purpose only.
intradayboth side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
follow risk management
do your own analysis
do workout
do meditation
start reading book
