BPCL trade ideas

tradetechnicalanalyst

BPCL: Forms Tringle ,It may test 482 and after that it will consider as BO next level for 550. Volume and divergence clearly seen positive at recent bottom and also form Double bottom on weekly chart.

sanatkamat2008

Looks like a good swing trade for a good 7% Upside. Low risk to reward but look a high probability trade. PS: This is only for educational Purpose kindly do your own study before trading.

dhruvchoula

It is going to complete a Triangle test on 482 soon

daivick

Prices have risen from a falling trendline and have been consolidating for over 3 weeks and made it's first attempt at breaching past the last two weeks resistance levels. RSI Levels are currently at 57.90 Go long should it cross 60 at tomorrow's opening GMMA has ended the day with a positive momentum sign. KST has shown a positive crossover Prices have...

Palkesh_Agrawal Updated 

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...

Palkesh_Agrawal Updated 

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...

Har-deep

BPCL was made the Ascending chart Pattern and now in range whenever it break it will goes up.

tradetechnicalanalyst

BPCL: It is going to complete Tringle can test 482 soon.

Shiv_Singh

#BPCL next harmonic Target 488 CMP: 464 @ 16 August 2021

ravi531

TP1 @ 476 TP2 @ 484 makes inverse head and shoulder chart pattern

dhruvnarola

NSE:BPCL is approaching towards its previous resistance zone, either it will make a breakout or respect the resistance line and will stay in a range bound. do like the analysis if it is worth!!!!

abinash97

BPCL has an opportunity for swing entry with a potential of up to 495-500 level target. I am not interested in this setup because the RR is just about 1:1. Posting just for educational purposes. Rather I would trade after a breakout.

sankalponweb

1. MACD showing strength 2. Energy sector looks bullish 3. Supported by increase in reliance 4. Possible reversal from Support trendline 5. Weekly trend is uptrend

vishwamohit

following a channel may see some upward supportive movement further ,can give a channel breakou with stop loss of 434

dipat

bpcl Announced date of big dividend too so buyers will be there most probably. Do like ideas , do follow me for more ideas on other shares like Asian paints , L&T , etc.. .

kalyanganguly

Note: This is for educational purpose only. Please do not trade in F&O based on this. There seems to be a bullish hammer at support of ascending triangle. Moreover, RSI is above 50 which indicates mildly bullish. Buy above high of the current candle. SL: ₹ 419

PrakWorld_Traders

🔴DISCLAIMER ***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ****** Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have...

albnsecurities

BPCL EQUITY forms harmonic pattern and its going to break previous resistance ...so its chances to reach 480+ in short term