Looks good for shortShort below 325 on 1hr time frame candle close and cross with good volume and SL 331.
Only educational purpose only.
NSE:BPCL
BPCL trade ideas
BPCL BREAKOUT STRATEGY.Hello friends,
Here is Big Breakout in BPCL Near 375 we can Buy near 375 to 380 with stop loss of 348 closing basis for the Target of 405 and 450 in near term.
Happy Trading.
BHARAT PETROL CORPchart type - falling wedge pattern
timeframe - 1 hour
entry above 345-346
keep on radar
BPCL - Looks like can break out BPCL
I posted this at 365 and it achieved targets, now can it cross 405?
Let us keep a track on it. A close above 405 can take it further high!
BPCL FULL UPSIDE POSSIBLE NSE: BPCL
BPCL looking good for current market price to add on Dip.
Stop loss 325CB
Target can be 555/666
NOTE - High Dividend payee company.
BPCLBPCL looking good for swingtrade, if break 393 take position and ride it till 401/415/435/++++
SL 375
BPCL: Support & Resistance and Moving Average Trade PotentialBPCL
The stock has taken Support at previous reversal zone
Now seems to be respecting 50 day EMA
- 50 day EMA around 371
- 200 day EMA around 396
Breakout above 396
Target 440 odd levels
Stop Loss Close below 358
Risk :: Reward ratio looks favorable to go Long. This is a Positional view and not an intra day trade suggestion
Plan your trade accordingly...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
BPCLBPCL at support may take opportunity based on broader mkt condition
No view chart only for educational purpose
BPCL - Another Major move comingEntry Price - 383-386 Zone
Target - 438-463-525
Timeframe - Next Few days to one Month
Stop loss below 369
Disc. Not a trade recommendation NSE:BPCL
BPCL Wait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Thank You..
long bpcllong bpcl above375 sl 330 target 410+ positional trades for months trail sl to cost if it trades above 395
BPCLAfter falling for a long time trend change can be seen in the stock by higher lows and higher highs. Buy above 375,TGT 400+, SL 355. For educational purpose only. Kindly contact your financial advisor before entering any trade.
BPCL Breakout detected on Weekly TimeframeBPCL is giving breakout on weekly timeframe , Favourable risk-reward ratio at this point
Note: This is only for educational purpose
BPCL multi-confirmation setupBPCL had earlier provided a double bottom and now it has broken out from a long trendline, it might retest the levels before starting a new journey towards the moon.
Trade with caution, use proper risk management.
Falling wedge breakout in BPCLBPCL looks good .
Buying at CMP 357 with Sl 347-345 for target of 435 in short term .
Timeframe -1 hour
Will BPCL follow the Symmetrical Triangle Pattern?BPCL, one of the highest dividend payout stocks, forms the symmetrical triangle. The stock taking support at the monthly trendline with higher volumes compared to the last month. Oil price increase may be one of the reason behind this. Let's see whether it respects the trendline or not. What's your thought on this?
