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BHARAT PETROLEUM CORP LTDBHARAT PETROLEUM CORP LTDBHARAT PETROLEUM CORP LTD

BHARAT PETROLEUM CORP LTD

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BPCL trade ideas

Swing Opportunity in BPCLGo Long above 424.4 for Targets of 436.75, 449.1, 461.45, 473.8, and 486.15 with SL 412.05 Reasons to go Long : 1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.5 Fibonacci level. 2. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.5 Fibonacci level. 3. A bullish candlestick pattern ( Bullish Harami) marked with the orange color is formed around 0.5 Fibonacci level. 4. Also there is a strong support zone (marked with purple color), from which the stock is taking support and moving up. 5. There is a gap that might get filled. 6. The stock may go up to the trendline where it may face resistance and our final target is well below the resistance trendline.
NSE:BPCLLong
by Nimish_Ghagare
Simple Trade Setup | BPCL | 25-10-2021 [ INTRADAY]NSE:BPCL Observations: 1) On daily time, it has been taking support from 200DMA and facing resistance from 50DMA. Breakout of 50DMA will give quick up move. 50DMA is placed @ 455.19 level and 200DMA is placed @ 442.63 level. Please refer below chart : 1day Time Frame. 2) On Daily time frame, we can see support range of 450-453 is now working as resistance. Please refer below chart : 1day Time Frame. ------------------------------------- Trade Setup for Date 25-10-2021: 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:BPCL
by Trading_hawk
BPCL FELL 10%! WHERE TO BUY AGAIN? BPCL had an event today, where the dividend was issued. The dividend was 58 per share. However, the stock price fell so much as 10% in a single day, and that too in pre-market minutes. There will be a long unwinding as a consequence. If the price manages to stay below 445, it could come down to the demand zone which is also a PRZ of XABCD bearish shark pattern. The levels are mentioned on the chart. If the price rises past the 481 level, then the previous idea which I had published may work. Happy trading :) This is just for educational purposes.
NSE:BPCLLong
by Sanjan91
[POSITIONAL] BPCL LONG BET risk: Reward ratio is 1: 2 Rest as per Charts ******** Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all. ======= I use shorthands for my trades. “Positional” - means You can carry these positions and I do not see sharp volatility ahead. “Intraday” -means You must close this position at any cost by the end of the day. ======= Always follow a stop loss. In the case of Intraday trades, it is mostly the “Low/High of the Candle”. In the case of Positional trades, it is mostly the previous swings ********
NSE:BPCLLong
by Palkesh_Agrawal
[ INTRADAY ] BPCL SHORTBET risk: Reward ratio is 1: 2 Rest as per Charts ******** Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all. ======= I use shorthands for my trades. “Positional” - means You can carry these positions and I do not see sharp volatility ahead. “Intraday” -means You must close this position at any cost by the end of the day. ======= Always follow a stop loss. In the case of Intraday trades, it is mostly the “Low/High of the Candle”. In the case of Positional trades, it is mostly the previous swings ********
NSE:BPCLShort
by Palkesh_Agrawal