BPCL trade ideas
ASCENDING TRINGLETHIS IS ASCENDING TRANGLE AND WAIT FOR IT'S BREAKOUT AND ALSO OPEN 1H TIME FRAME IS HAD GIVEN BREAK DOWN ON DECENDING TRINGLE SO WAIT FOR PRICE TO COME OF 1D TREND LINE
Wave count indicating long / If interested give me a LikeWave count indicating long / If interested give me a Like
'BPCL' intraday opportunity for 18th June 2021The above chart is only for educational purpose.
Make sure you don't trade blindly, reanalyze and trade.
Positional or Swing Trade in BPCL.BPCL can be a good buy for positional or swing trade as you can see stock is making ASCENDING TRIANGLE pattern in one day chart and also made a CUP AND HANDLE breakout recently near the important resistance level,and then also broke the resistance level and now it is near the important S&R area.If it retested on it It can be a good buy and we can see it on 510 levels soon.
Buy BPCLMy previous prediction is achieved very fast in short term.
Now the stock is on the resistance line.
Best opportunity to buy for the short tem for target 500.
After some time I suggest to squer off or not .
Stay connected.
BPCLBPCL IS MOVING TOWARDS ITS ATH.
ANALYSIS
1)ECONOMY OPENING
2)HIGHER DEMAND
TARGET
ATH IS THE PRIMARY TARGET, BREAKING ATH MIGHT BRING STUPENDOUS MOMENTUM IN OIL MARKETING STOCKS AS A WHOLE
#BPCL#BPCL on important level either it will break upside or break down side.
Wait for re-test to entry.
This is only for educational purpose.
Long BPCLBullish movement is possible as BPCL is privatization bound and has reported strong financials due to inventory gains.
Technical Analysis shows the formation of ascending triangle
The breakout happened and is being tested currently.
Target 1- 545 (All time high)
Target 2- 750
Stoploss- 466
For educational purposes only. Please take your investment decisions wisely.
BPCL Stock Update on Previous Breakout and TargetHello Everyone,
Few days back BPCL technical breakout on weekly charts was updated and this is follow up update, we have projected BPCL to move towards 540 & now BPCL reached till 485 slow and steady move in BPCL.
Let's hope for the best that in few days it will reach to 540 levels.
For Educational Purpose Only
If you like the stock idea please hit like and also share.
BPCL BreakoutLooks like a strong breakout. You may look at a shorter time frame for confirmation and investment decision.
The company has reported an exceptional gain and announced a heavy dividend too. You should check that as well.
BPCL LOOKING WEAK AT UPPPER LEVELSA similar pattern is forming at tops which we saw in March and stock gave almost 20% fall from 480 zones.
One can take the sell trade if stocks sustain below 465 for a marked target until 490 is intact on the upside.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
