Chart analysis on Weekly time frame:
Analysis:
1. Resistance zone is tested 5 times before final BO making it very critical resistance zone.
2. Before BO, consolidation happened supported by volume build up which eventually indicates that the stock accumulation is happening.
Breakout: Consolidation phase BO happened on 2-Feb-2024 followed by BO supporting...
BPCL is trying to break flag pattern. We shall buy it once it breaks the pattern for an immediate target of 800 and then to 920+. Other factors:
1. RSI will start moving up
2. MACD will also improve
3. BPCL on daily basis has bounced from 20EMA, showing a strong bullish pattern.
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BPCL sell the bounce structure if nifty show the weakness if BPCL break the resistance level then avoid this stock if you like my analysis then follow me and see my past stock analysis and I give you daily analysis
BPCL Moving Average Support On Daily Chart
Market Sentiment is very bullish
I am anticipating a move in the stock in the coming times.
Here are the details of the equation purpose no buy recommendation.
short-term position.
Swing Term level
Hi,
Eecepting NSE:BPCL to reach target of 900 Rs. in coming days/weeks. A very nice price action supported by good volume is seen in BPCL. It is also bullish on daily, weekly and Monthly MACD Charts. Expecting the momentum to continue...
NSE:BPCL is currently trading at very good buying levels.
This is for educational purpose only...
BPCL broke out on monthly chart after 8 years of consolidation.
Market Sentiment is very bullish.
- A play on Green Hydrogen and Compressed Bio Gas.
- Attractive Valuation
- OMCs are rallying.
The PSU stock has formed a cup and handle pattern which is also a continuation pattern indicating bull run moreover it has giving breakout from a consolidation forming since 2017 and has breached crucial resistance of 547 . the stock can be seen trading at 800 levels in no time
This is the analysis of Bharat Petroleum Corporation Ltd. (BPCL).
The company has solid fundamentals, and even on charts we can see amazing move recently.
I am anticipating a correction move in the stock in coming times.
Here are the details of the analysis-
Accumulation Zone- 570- 588
Stoploss- 558
Targets- 636, 680
Duration- 2-3 months.
The risk to reward is...
BPCL has given a good rally towards trendline on monthly timeframe
expecting a correction from 480 level
with a small stoploss of 500
correction wave target till 400
above 525 stock will be super bullish
-6.5 year old resistance breakout with high volume and strong closing
-Rsi clear looking very strong
-keep in radar it can give decent return in midterm
Analysis:
The chart you provided shows BPCL's stock price currently trading at ₹558.38, which is above the multi-year resistance level of ₹541.60 marked by the blue line. This recent breakout, accompanied by strong volume, suggests a potential continuation of the uptrend.
Key Points:
Breakout confirmed : BPCL successfully broke above the multi-year...
There is a strong resistance at 550 and stock has now given a breakout . The stock was in a channel from 2018 to 2024 and now the channel is broken that too with a MA golden cross-over. Can wait for the confirmation and retest .
For educational purposes only
BPCL has breached the 6 Years range on today and closed above 555
Break the long term ascending triangle chart pattern and Trading at All time high
Trading above all KEY EMAs
Indicator shows bullish signal
Multiyear Breakout
Keep in WATCHLIST
PSU and Undervalued stock
Looking good for long term
