BPCL trade ideas
BPCL- Swing Trade#BPCL
Buy-Above 370
Sl-355
T- 400 430 470+
Just Because RR Is Good. Stock is making a double bottom here. However Neckline is above 410. This is a aggressive buy trade. Also above 380 we will get a confirmation to build our position.
BPCL INTRADAY TRADEAs we see bullish divergence formation in BPCL in 15min frame we can go long after breaking the trendline and 50ema and go short below previous day low.
BIG TRADE IN BPCLBUY BPCL at the level of 357 and target of 400 , if you want to keep stoploss you can keep it at the level of 437 . stock has bounce back from 357 twice time so now also it will bounce back from this level and may be we can see breakout from this level and also pressure between russia and america is becoming more day by day .so,we can see hike in crudeoil price and also in natural gas
monthly income trademomentum trade or positional trade, since bpcl has double bottom at 370 and resistence at 400 I suggest trade for 7 to 8%
BPCLNSE:BPCL
Choose your chart for intraday charts analysis
and chart based on price action stretegy.
Barrier Triangle within Barrier Triangle - Wave E Development.Today, I'm talking about real-time "Barrier Triangles" which developing on BPCL and very specific aspect of this triangle that I've encountered numerous times and that's the frustrating aspect or characteristic of a triangle stuff to sometimes. In this instance, we are looking at a triangle where we actually have a triangle within triangle.
let me explain you my price chart over real quick and you'll see exactly what I'm talking about. Notice we have connected by trednline waves A and C is horizontal and waves B and D sloping downward therefore, we reveal barrier triangle.
Breakdown - 357 expecting more fall.
Resistance - at or nearby 419
But here, lower TF research can increase odds and confident for trade setup.
I will shortly update - lower TF here.
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..
Public Sector never works BPCLCompany is about to set up EV CHARGING stations. But stock only because it's PUBLIC SECTOR, stock is undermined. We will go with the flow
SELL BELOW 355
STOPLOSS AT 410
TARGET FOR 305
good buy oportunityAlready formed bullish engulfing pattern with good volume.
Also pattern formed is on support line so can buy once this resistance breaks
BPCL | LOOKING GOOD ABOVE 384Cummins looking good to Buy if sustains above 384 for the marked targets on the chart.
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BPCL long position for Cash/OptionsBPCL It's on the verge of a breakout
Create a Long position through Cash & Call Option.
BUY BPCL CASH @396-398 SL 388 Target 408/413
BUY BPCL 405 CALL @5.8 SL 4.5 Target 8/10
Better Book Profit @ 413 Because it formed a Fibonacci cluster there and it going to be very key Resistance
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BPCL Holds Promising Return of more than 20%BPCL is currently in reversal on Daily Charts and shows promising future. The long term target is above 485!! Check out my analysis on chart!!
this is time to sell bpclthis chart is BPCL, i counted to BPCL Elliott wave i am sure to this time sell to BPCL and get profit,
Elliott wave 1,2,3,4 complete and wave 5 is running.
ready for up moveBPCL already broken H&S pattern and come for retest with desending parallel channel....as this parallel channel pattern gets break...enter for 1:3 risk reward ratio....
BPCLDoji candlestick formed in weakly chart. If it close above 407rs in weakly candle, we can expect upmove. If it closed below 396 we can expect downside as per trend line..
