BPCL long term trend is looking bullish. Fibo between the golden retracement plus it has rejected & reversed the head & shoulder pattern along with macd crossover. Above the 100 200 EMA. Cant ignore this price action, 15% upside clearly visible in 4-6 weeks time.
Follow the below levels.
Target1 611
Target2 628
Target3 647
Target4 666
Target5 688
Target6...
📊 Script: BPCL
📊 Nifty50 Stock: YES
📊 Sector: Refineries
📊 Industry: Refineries
Key highlights: 💡⚡
📈 Script is trading at its support level on weekly chart, keep an eye on stock we may see some good really from here.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 585
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new...
bpcl is forming flag and pole pattern , it is a bullish pattern and also bpcl is in uptrend since many months so higher chances of breakout and for the target , good risk reward ration #stocks #StocksToWatch #StocksToTrade #swingtrading #stressfreetrading
Bharat Petrolium is one of the great stock for fuel sector is ready to roar again.
We do see channel breakout in BPCL and we are expecting a good move in this script.
Moving averages also showing favourable ratio.
CMP: 601
STOP LOSS : 582
TARGET : 627 +
BPCL - a OMC (Oil Marketing Company) in India; under OIl & Gas Refining Marketing category.
++ Public holding=8%, Promoter Holding>50, Div Yield=3.57%, PE<5, Mcap> One Lac 25000 Cr., CMP > BV, CMP < IV, RoCE / RoE = 6.5, PEG<0, PE<Ind. PE, Debt reduced in last 3 years,
(Reserves+Interest)=₹ 97,000 Cr., Expected OPM=10%
Since March 2020 to March 2024,
FII :...
bpcl is forming flag and pole pattern and ready for breakout , whenever market is negative then oil sector become positive so its ready for upmove , and also in uptrend
NSE:BPCL
Stock will trade in range during election period. Support near 545 level. Good entry level near 545 if stock down to this level wit Trailing Stop Loss near 500.
Drawing Fibonacci Extension taken into account of recent High and Low then the 1.618 Fibonacci Extension level comes near 736 level. Long Position may be initiated near 545 with Trailing SL...
Bpcl formed a bearish bat pattern at monthly and weekly chart.
almost of all oil refinery companies are treading at high price.
oil price may decline due to election purpose for the coming days so, it will affect the stock price.
On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
BPCL is seen giving a clear break out on the charts. Volume looks good. W pattern is affirming the higher probability of the trade being profitable. Can be a good buy at retest. Money management is a must. Cheers!
Chart analysis on Weekly time frame:
Analysis:
1. Resistance zone is tested 5 times before final BO making it very critical resistance zone.
2. Before BO, consolidation happened supported by volume build up which eventually indicates that the stock accumulation is happening.
Breakout: Consolidation phase BO happened on 2-Feb-2024 followed by BO supporting...
