BPCLBPCL GIVE A BIG BULLISH ENGULFING PATTERN ON CHART NOW IT'S ON REVERSAL. NEXT TARGET 435, 445, 460. IF YOU GET PROFIT SO PLEASE LIKE AND FOLLOW FOR MORE UPDATE.
BPCL trade ideas
BPCL Buy NowBPCL is looking strongly bullish on chart....
one can go long positionally..
Any query regarding Buying/Target1/Target2/Target3 with Trailing Stop Loss, Kindly reply in comment, i will be happy to respond...
Note: Only for education purpose/Do not trade without consulting your financial advisor...
BPCLBPCL can be a long candidate for short term. PSU stocks can be good for swing trading.
For educational purposes.
BPCL Breakout BPCL has already given a breakout if it sustains the levels we can see a good upside movement if nifty also sustians we can see a good movement.
BPCLBPCL (NSE Cash)
Market cap is above 241.297b
Volumes are above 666.887k
Average volume is 2.28
Float is 77.522M
LTP: 423.05
Support: 413.55
Resistance: 434.60 / 441.85
Daily charts (long term)
A bullish engulfing candle was made on 22nd April followed by a confirmation green candle on the 23rd.
There is a reversal seen in the DEMA as well. 5 DEMA has crossed 100 DEMA and is on the way to cross 10 DEMA. Once 5 DEMA crosses 10 DEMA and both of them cross the 20 DEMA we can expect a steep bull run.
The volume is in greens as well.
MACD, though in the bear zone has started a reversal. We will soon see MACD climb in the bull zone if the momentum continues.
RSI is in an uptrend. It is now in the neutral zone which is very close to the 50 mark. We may see a bull rally once RSI crosses the 50 mark and sustains.
***All signs for long term are bullish.
Hourly charts (medium term)
DEMA is aligning. It is messy at this point but the reversal is quite prominent.
Higher tops and high bottom formation is seen which is a bullish trend.
The last volume bar is strong and green.
MACD is in the bull zone and looks strong.
RSI is well above the 50 mark and looks strong as well.
***Again, all signs are bullish.
15m chart (short term)
DEMA is well aligned and the candles are holding strong above it.
Volumes look good.
RSI is in the bull zone and is strong.
RSI is above the 50 mark and looks strong as well.
*** All signs are bullish.
Can buy now and add if the prices come down for short term targets of 440+
Buy BPCLMy idea is for educational purpose.
Buy BPCL @ 430 and decline for short term gain of 10-20%.
BPCL forming a Hammer patternLogic
1) Big time frame Triangle pattern retesting
2) Trend line retesting
3) Hammer formation
BPCL IN VERY GOOD PATTERN AND SHORT TERM MOVEMENT CAN BE CAPTURBPCL IN 15 MIN CHARTS IS IN GOOD CHANNEL GOOD MOVEMENT CAN BE SEEN BREAKING THE TREND CAN GIVE GOOD MOVEMENT,,,,,,,,,,,,,,,NIFTY DIRECTION CAN BE DIRECTIONAL..
BPCL AnalysisWyckoff Accumulation
best buy @ below 410 (near spring- about to come)
Spring is about to come
BPCL BUY CMP 420
BUY AND ACCUMULATE FROM HERE TILL 410
KEEP WEELKLY CLOSING BASIS SL AS 392
TARGETS
428/434/441/447/
AGGRESSIVE TARGETS
456/464/476+
bpcl has came out from triangle patter and got his retracement bpcl got out from triangle patter and got his retracement to go first target of 467
NSE:BPCL
BPCL - Elliott's Wave TradeSelf Explanatory chart
Enter at Elliott's Wave 2 Bottom & Exit at Wave 5 Top
Entry at 385-390 with SL 370 (Weekly close)
Target 1 - 542
Target 2 - 640
Updates will be given then and there.
Since its a weekly timeframe, this trade will take good amount of time to get completed
BPCL: Long rounding formationBPCL at a good point in terms of risk-reward. One can enter here with 400 as WCB stop loss. The target is near 470-480. If it clears that then can head to 520-530. Also, it has retraced till 50% and has formed a Bullish candle on weekly time-frame there.
