BPCL trade ideas
BPCL - Low crude playThere was a time when crude went up..the govt pushed oil marketing companies to make losses and sell fuel..
Now that crude is falling but until now fuel prices have not fallen as much mean these companies are making up for the losses they made earlier.
So these companies will make up for their losses..
Long above 339 and then double up above 343. stoploss below 335.
BPCL: Bullish Flag & Pole PatternBullish Pole&Flag pattern.
Anchored VWAP shows nice capture of the flag.
Trade:
Buy: Above 337, SL: 334, T: 340/343
Sell: Below 331, SL: 334, T: 328/325
BPCL shorting candidate NSE:BPCL
Good to keep on the radar
Always respect SL & position sizing
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Trade Secrets By Pratik
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Disclaimer
SEBI UNREGISTERED
This is our personal view and this analysis
is only for educational purposes
Please consult your advisor before
investing or trading
You are solely responsible for any decisions
you take on basis of our research.
BPCL - ShortThere is a higher probability for a reversal from the short-term double top levels. The price of crude oil in the international market is expected to rise in the coming weeks. The inflation worries have also not subsided. The fact that the market has peaked, in spite of all these factors, adds to the possibility of a reversal in the price action, in the coming weeks.
#BPCLStock has formed head and shoulder pattern and reversed from its strong support in monthly time frame.
TRIANGLE BREAKOUT BPCLBPCL looks good come out from triangle and gives a breakout it takes a falling resistance many time from the upper line of that triangle which finally broken out and gives a close on above that line so we can expect that bullish momentum will continue in this stock looks good for positional players as the looking targets are big. Happy Investing and trading Guys with Trading view..
BPCL LTD Technical studies For Swing TradersBPCL looks bearish as it falls below 399 support and goes back 5 days.
BPCL made a big belt candle and started falling. According to past performance, if the trend is weak, the price will make a bunch of bearish candles. The swing dealer can wait for the T1 356 to break.
But if the market breaks the level of 399 , there may be a bullish movement in the market.
If this level is broken then good bearish speed can come.
Targets : 356 - 331 and more
Invalidation : breakout of T1
Thank you!
Money_Dictators
Disclaimer: This is NOT investment advice. Invest your capital at your own risk.
bpcl:-Comming out of downword channelbpcl stock has been in a downward channel and currently the price has already come out of channel pattern
BPCL - Reversal formationBPCL has formed a inverse head & shoulder pattern.
Volumes dried and picked up, as the volumes picked up price didn't move much lower indicating demand.
Today price moved up on high volumes crossing highs last 4 sessions.
This increases chance of a good breakout in coming days.
SL 298-300
On other timeframes.
Weekly : Master/Mother candle
on 30 min Timeframe.
Narrow range just below consolidation
BPCL long opportunityNSE:BPCL
Stock -> BPCL
TimeFrame -> Weekly
Hello all!
BPCL has been moving in a channel since Sep 2017. Its came back to its lower trendline, took support, bounced off and now has broken trendline 1 with good volumes. This makes for a good opportunity to go long!
Risk-averse traders should wait for a strong closing above the nearest swing high (yellow box). The stock will start trading above its 50-week EMA after it crosses the swing high and thus the probability of success would be much higher
*NOT A CALL*
#BPCL #technicalanalysis #stocktrading #swingtrading #nifty #markets #trading #investing
Above 330 can go long or post restestBreakout from downward sloping parallel channel. It can break out and then if it restests this and moves higher, that would be excellent.Price had contracted quite a lot in the last 15-30 days. Needs to cross 330 which is its 200 day point of control.Staircase type targets would be 345,355, 375
BPCL - Moving up after good base formation - BullishBPCL has spent long time around its support of 300 and is moving upwards. Cyclically may be good time to buy. DYOR
BPCL --POSITIONAL BPCL --POSITIONAL --WEEKLY CHART
1.BPCL seen on chart breakdown from 480 level to 300 SUB level last few months ,
2. Rounded Bottom chart pattern seen on chart , where bottom form around 290-300 level .
3. Weekly trendline seen breakout above 320 level
4. RSI seen pullback from oversold level on weekly RSI above WMA at present bullish.
5. Weekly RSI positive divergence also seen on chart
6. one can initiate BUY 315-318 and above for positional target 325-350-380 ( 1-2 ) month stop loss below strong support level at 275
** THIS IDEA IS FOR EDUCATIONAL PURPOSE ..TRADE AT OWN RISK ..
** suggetions and comment are welcome .!!
HAPPY TRADING . !!
Bpcl 4 hrs swing trade Bpcl formed head and shoulder in 4 hour time frame
It gives 1:5 risk reward ratio
If pattern breakout then take a swing trade or position trade
1:5
Do your own research
Thanks
#Bpcl cash : Looks good around 308#Bpcl cash
21.Nov 2022
Looks good around 308
Stoploss 302
Target 318-320/328
Cmp 310.50
BPCL - IN CHANNEL PATTERNBPCL SCRIPT formed Channel Pattern.
And it have strong support too.
If the support broken we can except the target.
OIL INDIA LTD (target of 220 - 236 with a SL of 191)This is a study for OIL INDIA LTD.Due to some technical error unable to publish OIL INDIA LTD CHART.Please go through the below explanation for OIL INDIA LTD Chart and Analysis
Oil India seems a good buy at this level for a target of 220 - 236 with a SL of 191.
CHART & ANALYSIS
ADARSH DEY
