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Bharat Petroleum Corporation LimitedBharat Petroleum Corporation LimitedBharat Petroleum Corporation Limited

Bharat Petroleum Corporation Limited

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BPCL trade ideas

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. The author and publisher of this report are not responsible for any losses or damages arising from the use of this information. By accessing this report, you agree to hold the author and publisher harmless from any losses or damages arising from the use of this information.
NSE:BPCLLong
by Triyambak_CA
Bpcl bounce backBPCL has fallen over 9% on disappointing earnings.... that's the past Looking at the stock right now, we can see 1. It is falling on low volume towards the support zone = good bullish sign ( Since there is no selling in the market ) 2. It is present at a major support and trend line ( Supports hold in bull markets ) 3. Support from 200EMA = bullish sign We should position size.. What is position sizing? It is when you first add half your position to check If the market is saying you are right or wrong, if the market moves in your direction, you will add your second half and tighten your stop loss. This way you add two positions but one only when the market shows you that you are correct. Example: Suppose your risk is 100 per trade, You first buy enough Qt to risk only 50 ( Typically with a larger stop) and if the market forms a green candle or another bullish sign, you add another Qt to risk 50 more ( Total risk 100) and your second stop loss becomes tighter ( most probably at the breakeven of the first position) this way you minimise your loss but ur reward is the same and even more. If your first stop gets hit, you accept your mistake and move on. Add to more positions once 50EMA breaks and tighten the stop loss. Keep It Simple
NSE:BPCLLong
by Krish_Kohal