CMP: 601 🔘 Basing near 50 EMA 🔘 Coiling action 🔘 Back to back IBs Entry above 610 with 3% SL!
NSE:BPCL Stock will trade in range during election period. Support near 545 level. Good entry level near 545 if stock down to this level wit Trailing Stop Loss near 500. Drawing Fibonacci Extension taken into account of recent High and Low then the 1.618 Fibonacci Extension level comes near 736 level. Long Position may be initiated near 545 with Trailing SL...
After giving a multiyear breakout from the 551 price level, BPCL again comes close to this price and had also taken support at it.
Bpcl formed a bearish bat pattern at monthly and weekly chart. almost of all oil refinery companies are treading at high price. oil price may decline due to election purpose for the coming days so, it will affect the stock price.
On Our Harmonic pattern indicator based trade setup take trade as explained below :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target , When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
BPCL is seen giving a clear break out on the charts. Volume looks good. W pattern is affirming the higher probability of the trade being profitable. Can be a good buy at retest. Money management is a must. Cheers!
#BPCL #stockstowatch #stockmarketindia #trending Current view - BPCL Stock Trading below to the down trendline, It may go to 515 levels, anything on the upper side it must come out of down trendline.
Bearish Head & Shoulder formation on daily charts and retest of breakdown done.Potential R:R 1:2
Ioc, Bpcl and other oil stocks may open negavite tomorrow
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. "Clean Charts, Easy Charts" Learning & Earning!! Cheers!!
H&S is forming in BPCL and HPCL, short it. Sell CE options ... and exit your delivery positions
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