BPCL trade ideas
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
Bpcl Defies All OddsAfter a bloodbath of a week, the markets are recovering and after a 15% fall, BPCl has taken support on its long term support with a high volume bullish candle
Moving average does not say much.
Stochastic RSI is also in the oversold region giving a long bias.
T1 Is the short term target
T2 is the Long term target
Stop loss below the support level.
Keep It Simple
BPCL longBPCL long
Near breaking the resistance levels, currently hovering over the resistance line.
Expecting some good upmove.
Just my view. No recommendations for trading.
Scope For Intraday Short Selling 4 BPCL Bearish Flag Pattern On BPCL
As u can notice the bearish flag pattern formed on here and the market has now started moving bearishly after the breakout of Flag , this warns us to stay away from any long positions as of now. This also provides an opportunity for intraday shorting .
There is also an Indication of formation of W pattern whose 3rd leg is forming as now and also provides the scenario for intrday short selling
Sell Short Intraday
Entry Price :- 307.4
Tp 1 :- 302
Tp 2 :- 197
Tp 3 :- 193
{DYOR}
More Intraday stock signals for NSE and BSE segments upcoming daily. Follow 4 more
GO LONG ON BPCLNSE:BPCL
This is swing trade
The stock is at support zone and have taken support zone
The first target is at 325 and second target is at 345 there is small resistances at 315 .
This is for educational purpose .
BPCLdescending triangle pattern breakout wait for entry about of confirmation candle .
for MORE check in my TradingView ID
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“Disclosure : I am not Sebi-registered.” This channel is for only educational purpose. Any profit/loss, I am not responsible.
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BPCL SHORThello friends now this stock is all ready in bearish moment may be market will be go more down site i hope you like my chart analysis like comment share with your friends thank you.
BPCLBPCL stock short time call buy 345 to 347 level.target 365 with stoploss below 333.long term target 390. NSE:BPCL
BPCL AnalysisBPCL ANALYSIS
Time Frame Analysis:
--------------------
Monthly: Downtrend
Weekly: Downtrend
Daily: Downtrend
Pattern:
--------
Monthly : Descending Pattern / M pattern
Price & Volume relation:
------------------------
Volume is supporting on Daily, Weekly & but on Monthly not.
Conclusion: We will take entry only when Support breaks or Viceversa, Good RR we can catch here.
add to watchlist for swing trade ...wait till breakout`stock now showing strength , wait till break out `
BPCL looking good above 346.BPCL is in channel pattern. when it breaks channel we can see good rally in bpcl
Bpcl can look for downside 320 levels and 275++ levelsBpcl can look for 320 levels and 275++ levels only below 360 below closing on daily basis with sl of 400 on dcb
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Disclaimer : only for educational and learning purpose
BPCL | Things aligned properly - Looks good for a long term betBPCL | Things aligned properly - Looks good for investment than short term trading
Quality stock
High dividend yield,
Discounted price,
Has atleast 60-80% room to rally.
Technically a good setup aswell.
near support. buyself explanatory.
Resistance and support lines are drawn and its near support line so defininte buy.
BPCL short setup H&S target 290 if breaks below supportThis looks like a nice short setup if the support is broken with good volumes. Let's see how it goes.
