IOC and BPCL will be the outperformers for the whole year. BPCL has clear inv h&S formed on daily charts.
Look to sell put options and keep adding in delivery. i m holding huge delivery... excellent dividend payer.
#BPCL at the verge of Triangle breakout in Weekly & Monthly TF
Volume spike
Momentum candles ante present, often leads to strong breakout
#bpcl
#breakout
BPCL coil system 1
Entry above 462-463
SL 448.8
Only for journaling not for the trading.
This post is for my personal use.
Note : only for learning, not a trading recommendation. i am posting as a trading journal before and after breakout.
Swing Idea: Potential swing trade after retest of inverted H&S
Attempting inverted H&S breakout.
Correction expected before it continue the trend.
RSI near over bought area.
Potential swing trade of 100 points.
Note: This is just for analysis purpose, please do your own research before punching any orders.
NSE:BPCL Only SIP when the herd is fearful for Wealth generation.
Do your own research before investing or trading in any stock or indices or crypto.
Disclaimer:
This is not a financial, investment or trade advice. Its only for educational purpose.
BPCL Cmp 399 dated 16-11-2023
1. Inverted Head & Shoulder Pattern
2. BO above 401
Buy above 401 target 410-425-430-445-450-465
SL 375
Pattern Target 510 SL 360
It is just a view, please trade at your own risk.
📊 Details
Bharat Petroleum Corporation is a public sector company which is engaged in the business of refining of crude oil and marketing of petroleum products.
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your...
Inverse Head and Shoulders Continuation:
This pattern forms in an extensive upside rally. It consists of a left shoulder, a head, and a right shoulder.
At the end of the left shoulder, a minor correction takes place on the upside which happens on the low volumes comparatively the starting of the left shoulder. After this again a down move can be seen on large...
After long consolidation and turnaround in numbers, chart and technical analysis suggest a good FLAG and POLE breakout of 310 points target of 860.35 in 6-9months timeframe.
Chart is self explanatory.
Just for education purpose, points to be noted
In this type of formation an entry is typically taken when the price breaks out.
Buying happens if the breakout occurs to the upside, or short/sell happens if a breakout occurs to the downside.
A stop loss is placed just outside the opposite side of the pattern.
For example, if...
Introduction:
Bharat Petroleum Corp. Ltd. is a holding company, which engages in the business of refining of crude oil and marketing of petroleum products. It operates through the Downstream Petroleum and Exploration and Production (E&P) segment. The Downstream Petroleum segment includes the refining and marketing of petroleum products....
Checkout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get...
1. BPCL has formed Cup and Handle Pattern, it may breakout in near future.
2. SL, Entry and Target to be posted afterwards.
Disclaimer: The views expressed in this article is of my own. You're solely responsible for any decision taken in the markets, resulting in financial gains or losses. The analysis I've shared is just for informational and educational purposes.
Reasons to consider: Aim for long term only
1. Fair high volume in Daily candle in recent times.
2. Cup and Handle Pattern.
3. 1 year resistance breakout
4. Healthy dividend payer.
Note: Thanks for Day Trader Telugu and other Masters.
Note: I am not a SEBI registered Adviser,
please do your own analysis or consult financial
advisor for taking entry, stop...
Breakout in BPCL @398.00 Weekly Chart basis.
:: Data Point ::
Breakout Level: @398.00
1st Target: @420.00
2nd Target: @470.00
Stoploss Level: @372.00
Note: BPCL traded above 200 EMA as well as Good Volume showing its Breakout poteintiality.
