BPCL trade ideas
Good good BPCL!!!!!With a profit of 12000 crores approximately, BPCL is all set to make good moves. Keep acquiring on dips.
buy bpcl for 4807-10 percent clear move on charts....
my target would be 480, first and then pyramiding on every 2 perceent rise.
buy one future lot with a married ATM put option.
safe traders can buy Fut_put immediately.
risy ones can buy fut @450 in the morning and 450 put by around 1300hrs
good luck !!
Is it an ascending triangleIt might look like an ascending triangle but ascending triangle are continuation pattern which normally forms in prior established bull trend. BPCL doesn't have prior established bull trend for this large ascending triangle.
Nonetheless, this is a kind of bullish pattern as lower lows are being formed on the lower end of PF, substantiating the slope. EMAs have been supportive which means every mean reversion is being bought by smart investors. Resistance have formed horizontally and price is just making lower lows near the horizontal resistance which means buyers are now buying into minor corrections for bigger move. Horizontal resistance is just soling up the supply for tired buyers. 480-510 is the resistance zone which once crossed on closing basis, supported by volume, could propel stock for the upper boundary of PF. Target can't be fixed as it'll keep changing as the time lapses. Better to make vertical count to the upper boundary after breakout from the long consolidation.
BPCL Cmp 474.40 dated 25.5.2021BPCL Cmp 474.40 dated 25.5.2021
1. Ascending Triangle breakout @ 476
2. Cup & Handle breakout above 475
Buy for a tgt of 500-540-630 SL 435
It is just a view, pls trade at own risk.
BPCL |200MA TO THE RESCUE?BPCL seems to be in trading in a channel. Can be bought @438. For targets of 475.
Thank you.
Ascending Triangle Formation on BPCL ChartBharat Petroleum is involved in the business activities of Production of liquid and gaseous fuels, illuminating oils, lubricating oils or greases or other products from crude petroleum or bituminous minerals.
The Stock is moving in ascending triangle pattern from April 2020. The Stock is ready to breakout.
The Company is expected to post good results this quarter considering the HPCL Result.
Add for targets suggested on charts.
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BPCL - Cup & Handle Bullish Chart PatternNice clean Cup & Handle chart pattern is visible in BPCL today. Suggest to go long with Short term target of 495. Expecting some good news flow on the counter in coming days is adding strength.
Disclaimer : Above view are for educational purpose only.
BPCL 1W TF Mutiple touches at supply zone.
Let's see if the year-long resistance (supply zone) gets breached. Key levels to eye on 475-481
BPCL - Ascending Triangle with Cup & Handle formationThe market structure has been Bullish on a higher time frame. The price has been moving in the ascending triangle for a long time. In addition to this, the cup and handle can also be seen
which makes it a high probability setup. The target of Ascending triangle and Cup & Handle are almost overlapping in the 620-630 zone.
You are always advised to use an appropriate Risk-Reward ratio as per your strategy.
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P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk.
BPCL cup and handle pattern target 548, 621Weekly chart of BPCL has formed Cup & handle. Go long above 485 with volume for targets 548 and 600 ++ . SL 437
BPCL : LONGLONG AT OPEN RATE / CMP
TARGET - 466 - 469 - 472
STOP LOSS - 453
Note: I am just trader like you, not god or any registered stock advisor.
So I request before taking any position according to my view discuss with
your financial planner or take on own responsibility.
Thanks
