BPCL Swing ViewBPCL :
Ascending Triangle Breakout Possibility
Sustaining 490 is crucial for 520
Support at 465
BPCL trade ideas
BPCL good structure to be bullish in it.All the details are added in chart.
The analysis is for the educational purpose only.
BOMultiple patterns seen in #BPCL weekly chart. Stock trading near a major neckline resistance of 481.7. Once this is cleared then . #CupAndHolder #AscendingTriangle. Text book target for these two patterns stand at 637/709 respectively.
Bpcl from 4 june 2021Stock is at resistance showing good chart patter (ascending triangle -> flat top)
good upside movement can be seen --> hold for medium term of 6 months
BPCL - Breakout CandidateA prime target of the govt for disinvestment. Announced a massive dividend as well.
Everything is in place for the company to soon be sold to a private player.
The price keeps making higher lows and also has a C&H pattern.
Long above 485.
SL below 465.
First target 510 and then 550.
Also worth noting is those who buy the stock will be eligible for almost Rs 58 in dividend. (Tax plan accordingly)
BPCL looks bullish above 482.50All the points are marked on the chart.
BPCL appears bullish to me.
will look for a long position above 482.50
Inside Double Bar CandleNarrow Range if it break previous candle hign go long
If breaks previous candle low go short
Both can happen
Keep on Radar BPCL Above 475 Closing can fire for 480- 485- 49Keep on Radar BPCL
Above 475 Closing can fire for 480- 485- 490- 500+
BPCL 480 Ce CMP 12.8 looks good above 14 if sustain for more then 15 min
SL below 468
BPCL - More upside to be seen soonCurrently in accumulation zone
buy above 476-77
sl below 465
tgts 500++
Descending triangle in BPCLBPCL forming a descending triangle in daily chart. Traders should remain cautious and not to take long positions. The big selling volumes indicate a correction in downward.
BPCL turning very bullishBPCL turning very bullish on monthly chart only after crossing 2 resistance of Rs 480 & a major all time high of Rs 550.
Target would be of Rs 630 & 740 respectively. Keep in watchlist guys.
Positional Long TradeCurrently Script is in accumulation stage, once it breaks 551 zone with high volume we can look for position entry
BPCL SWINGReady to break an important zone
Supported by good results
TECHNICALS:-
1-Assending Triangle formed and ready to break also retesting breakout of rising channel
2-Moving averages are also good
CONCLUSION :- Can enter after a clean breakout as per levels provided and exit according to levels provided
DISCLAIMER:- This is for education purpose only and not any tip to buy.
BPCL SWINGWith good results ready to break some good levels you can enter long after break out
supported by golden crossover that is 200 and 50 EMA Crossover
BPCL 471 - Bearish BPCL471 - Bearish below 473 - Ascending triangle Target 426.
View will negate if price move above 473.
Cup and handle patternBreakout has happened and it is in retest zone. Can continue the rally again. A good chance to buy here for a target of 490. CMP-471
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Happy Trading :)
BPCL Watch out for Bullish cup and handleBPCL is making bullish cup and handle or inverted bottom.
Can go long if it breaks the trendline but wait for retracement.
Only for educational purpose.
