BPCL LongIf price sustain on recent weekly demand zone then good to buy.
As per my understanding all upper supply zone are tested if we get ride on right time then target will be new all time high.
BPCL trade ideas
BPCL LOOKING STRONG TILL 500HI ,
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BPCL breakout+ NewsFlag breakout with good volume and also government ease in rules for sale of BPCL stake to Foreign investment
Its a Ascending Triangle. Hi everyone its a ascending triangle and its is a one of best chart pattern .
: before trading please control your emotion , and work harder and never give up .
: And have a good trade .
A breakout of falling wedge finally came out in bpclhello everyone
in one hour time frame bpcl falling wedge breakout has come and also done with restest.
now the trend will change
BPCL set to ride higher!!! BPCL has just started making higher Highs and Higher lows on the weekly chart and is a great Buy on any dips towards 420 levels with SL at 415 for targets till 535!!! It is moving in an up-trending channel pattern with MACD supporting the Bullish move.
BPCL is showing reversalNSE:BPCL had been taking resistance on it's trend line for the last few trading sessions. Today it had been able to give closing above the trend line. And candle is also bullish.
Will move up as closed near to previous day's closeWill move up as closed near to previous day's close
Rsi bullish divergence.Go longA bullish engulfing candle after a long retracement which also supported by the RSI bullish divergence improves the chances of some upmove in the price.Can go long with the target and stoploss levels as above.
Long BPCL - Classic Morning star pattern formedBPCL has taken support on S3 of Monthly Fib. Pivot point with morning star pattern formed.
As per fib retracement, first target is 667 and SL is 445. Long at CMP 455.
BPCL Ready To MoveSharp fall has been seen in BPCL since last 1 Month.
The trendline has been taken out indicating that the correction has been over.
According to our Half Bat BPCL will reverse from 400-445. And the Green Trendline is the major support for BPCL.
Buy- Between 440-445
SL - 430
Target - 465 480 500++
