BPCL trade ideas

vinodhvinayan

Bpcl in demand zone

gopinath_g2u

Rational : Support & Resistance; Trend analysis

Tradingpath

A bullish engulfing candle after a long retracement which also supported by the RSI bullish divergence improves the chances of some upmove in the price.Can go long with the target and stoploss levels as above.

dakshhmehta

BPCL has taken support on S3 of Monthly Fib. Pivot point with morning star pattern formed. As per fib retracement, first target is 667 and SL is 445. Long at CMP 455.

shubhamdalvi

LONG.

komati.venkataswamy

NSE:BPCL

Omahto

Sharp fall has been seen in BPCL since last 1 Month. The trendline has been taken out indicating that the correction has been over. According to our Half Bat BPCL will reverse from 400-445. And the Green Trendline is the major support for BPCL. Buy- Between 440-445 SL - 430 Target - 465 480 500++

themitz98

Reversal stock

Palkesh_Agrawal Updated 

risk: Reward is 1:2 Rest as per charts.

morphousguy

BPCL

TheWizardsZone

BPCL is bouncing strongly from key support zones (trendline support and 55 EMA). With OPEC positioning on increasing oil supply Crude may have peaked short term which is good for OMCs

Babul_Priya

BPCL is respecting the trendline which is there since OCTOBER 2020. And also has retraced up to 50%. After a formation of bullish candle stick, buy signal will get activated for good target with good R:R. For any query comment below.

TechAnalysis123

Please consult with financial advisor before investing.

Trading_Freaks

BPCL : Channel Trend Good to Buy at Current Level : RSI Nearly Oversold level

eastwind65

BPCL has been making consistently Higher Highs and Higher Lows and the Bottom Support Trend line is providing good support. Now after making a Higher High on 9 June the price has been falling and it is near the support trend line at around 440.Now we have to see whether the Support holds and the trend changes. There is also a Bullish Divergence. Keep a sharp lookout.

rks25195 Updated 

BPCL: FLAG formation on daily chart, trend is holding to trendline too, a further drop can be seen till 445 which will complete the flag formation, then we can see the awakening of bulls, the target is ATH and this is also supported by the main channel.

yourtradebuddy

If BPCL takes the support of the trendline, one can go long and enjoy the upside rally. (for educational purpose only)

18:12

Averoy_Apoorv_Analysis

Follow me on trading view : in.tradingview.com This is a series where we discuss stocks recommended by you guys: Just comment on the fav stock you want analysis on or DM me ;) 👑 Terms used if you don't know : ✣ Contraction pattern: A pattern starting with a broadening high candlestick and low candlestick and converging to a fixed point, these highs and lows...