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BHARAT PETROLEUM CORPORATION LBHARAT PETROLEUM CORPORATION LBHARAT PETROLEUM CORPORATION L

BHARAT PETROLEUM CORPORATION L

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BPCL trade ideas

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. one can support the work by simply following BACTIFY and sharing the same with their friends all the best and happy trading
NSE:BPCLEducation
by pratik2358
Shooting Star A shooting star occurs after an advance and indicates the price could start falling. The formation is bearish because the price tried to rise significantly during the day, but then the sellers took over and pushed the price back down toward the open. Traders typically wait to see what the next candle (period) does following a shooting star . If the price declines during the next period they may sell or short. If the price rises after a shooting star , the formation may have been a false signal or the candle is marking a potential resistance area around the price range of the candle. Script = BPCL Time Frame = 1 Day
NSE:BPCLShort
by Jainshashwat
BPCL- Bullish HARMONIC Buy Signal!Attached: BPCL Weekly Chart as of 17th March 2023 Going by Harmonics: A Bullish Anti Bat Pattern has got activated with this Week's Bullish Power Candle Close above 350. This is a BUY signal!🚀 Going by Dow Theory: We see that Price has also put in its First Higher Low of 314 since the Lows of 288 back in October 2022. This is a Sign of a Trend Reversal Structure. The Prior Trend was DOWN on the Weekly TF. Now it appears the Trend is turning on the UPSIDE. Coming back to the Harmonic Pattern, our Plan of Action for a Positional Trade is: Buy Entry triggered at Current Market Price of 351✅ Stop Loss can be placed below 52 week low which is ~ < 288⚠️ Upside Targets🎯 as follows: T1= 380 to 400 T2= 480 to 500 T3= extension beyond 500 level, towards Prior ATH / New ATH (Also do check out my related idea on BPCL which looks at the Daily TF) ........... If I were to talk about some Fundamentals, then BPCL also has a 4.5% Dividend Yield which is quite Attractive in a Rising Interest Rate Environment that the Global Economy currently is in And so it is also a Buy if you consider the Dividend along with a Capital Appreciation potential📈
NSE:BPCLLong
by T_Harth
BPCL Bullish Breakout BUY!Attached: Daily Chart as of 17th March, 2023 - Price shot up a whooping 6.24% on 16th March (Thursday) and also held the Gains closing Higher on Friday - Overall giving a Strong Weekly Breakout Candle closing above the 350 key level - 315 level or the 0.618 Fib retracement held out perfectly as a support🙏 Indicator Signals: - MACD crossed above 0 line ✅ - RSI crossed above 70 ✅ - DMI gave Buy signal ✅ - ADX is above 25 ✅ - An Inverse Head & Shoulder Pattern is currently active given the Breakout Candle📈 Upside Potential: A Short Term Target 🎯 of ~ 400 is now Open Stop Loss for the same is < 325
NSE:BPCLLong
by T_Harth
BPCL LOOKING BULLISH Hello traders, so we are seeing the daily the timeframe of BPCL chart. As we can see, there is a large bullish candle on the daily timeframes which indicates that Wales are interested in BPCL. So if it consolidates near the resistance and gives a breakout in one hour time frame, so then you can go long on BPCL by using proper risk management and there are 2 take profits as I can see one is for Fibonacci retracement at 400 and other one according to price action resistance so thank you . This is not a financial advice. Only for educational purposes.
NSE:BPCLLong
by nishanthpalmeeri10
1
BPCL Next Target is 297/285BPCL Breakout happened in a lower time frame i.e on 15 minutes. So the next Target expected for BPCL is 297/285. IN my previous calls, I explained about the movement of the BPCL, ADANIET and JSWSTEEL. Check my prev calls. Explained about SL and the Target in the video posted in TradingView Tradingview ( TanujaK) is my profile. NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk. NOTE: RESPECT The risk. SL should not be more than 2% of the capital. Happy Trading
NSE:BPCLShort
by TanujaK