BPCL | BUY ABOVE 500We can see free buying coming in this stock once sustains above 500 and we can see 535 and upper targets in near future.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BPCL trade ideas
ANALYSISBPCL is again seen facing resistance at the same levels again , 470 can act as a support for now.
If there is a good move to day and closing above the trendline then we can look for 510 & 540 as TARGETS
BPCL 1hr analysisBPCL is moving in an extending channel pattern
It could give a good move after the breakout
490 will be the first target, if it fails, it may take
support at 445 which is a support area
Short Idea on BPCLPrice is reversing from a supply zone and price formed a nice trendline structure to the supply zone. We could go short when price breaks below the trendline.
BPCL Swing trade idea#BPCL Swing buy between 468-470 for 480 as target with SL at 462. #swing #positional
ascending trianglebuy call on Bharat Petroleum Corporation with a target price of Rs 615. The current market price of Bharat Petroleum Corporation is Rs 491
BPCL LongBPCL Long
Inverse Head & shoulders pattern breakout
Buy at CMP- 471
SL- 455
Target- 495, 510
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
Breakout in BPCL above Rs. 500/505 levelBreakout possible above Rs 500/505
Most of the technical indicators suggest strong buy on this stock
(Target 10 to 20%)
Only for educational purpose
BPCL can move 30% from here...keep it on radar bpcl formed wedge pattern if closed above 505 then it can show 550/600/650
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..
BPCL.... In the bull runLooks like we have a breakout this time in the charts. Safe to enter above 500... For long-term benefits...
Monday BPCL Perfect Entry Opportunity 1:10 Risk RewardCreating Higher high and higher lows and at support creating double knockdown strategy
Entry above 450
SL 440
R1 465
TG1 494
TG2 508
TG3 549
BPCL is looking great for short to medium term bet.#BPCL is looking great for the short to medium term bet.
1. Broker long term resistance range.
2. Hepty divedend of INR 58 around the corner.
3. Potential buyers are alread showing interest.
BPCL triangle pattern breakoutBPCL breaking the ascending triangle pattern for an upmove towards 550. Dividend will also boost up buying atleast till the record date.
Stock closing below trendline may show bearish nature. FYI only.
bpcl near to weekly triangle pattern break out/downkeep an eye on bpcl weekly chart which is going to break its triangle pattern in nearby term
BPCL Bouncing off from Trendline BPCL is bouncing off from its 1.5 year long trend line. It has bounced off from this trend line every time since Mar'2020 fall, thus forming and re-forming the support. Also, Daily chart is exhibiting RSI divergence as well.
We are bullish on this stock with 480 resistance zone as target.
BPCL PRICE ACTION ANALYSIS. PRICE TARGETSBPCL is trying to break the resistance at 481, which has not been sustained since last year. If BPCL manages to stay above 481, then we can see momentum to the upside.
Go long above 481 and place a stop loss below 440. This is a monthly timeframe analysis, so we can provide some time for the price to adjust in case of a fall. Add more quantity when the price comes to test the trendline on the chart.
The targets are given by the XABCD bearish butterfly pattern. This is a very good risk-reward trade setup.
Happy trading :)
This is just for educational purposes.
BPCL about to give breakoutWe may see a breakout in BPCL tomorrow. A sharp move is expected from here.
