BPCL trade ideas
Short BPCLShort BPCL after the BD of TL marked below the level of 425 TGT 400-395 with strict SL of 435 with 1: 5 Risk to reward ratio. Stock is expected to BD the support level very soon. RSI is also going below the level of 40 sign of bearish. This is for your educational purpose
Elliot wave Analysis # Bearish SequenceBHARAT PETROLEUM CORPORATION
Bearish Sequence
Daily Chart (log scale)
Next Possible Target towards downside is at 395 to 385 odd levels NSE:BPCL
BPCL showing good recovery. Long term Upside potentialNSE:BPCL
Observations- on the Chart.
I see an upside in BPCL .
Hope to see it does what I made in the chart.
Predictions are merely for education purposes.
BPCLNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
BPCL - on a 2 way streetBPCL
Buy should only be above break of channel & 200 EMA with proper pullback (above 448)
Sell should be only if rejection is seen on the higher timeframe at trend line & 200 EMA (near 435)
STOCKS TO WATCH ON 01/04/2021Stocks to BLAST on 01/04/2021
Breakout expected
Go as per the break out .
Enter on the side of breakout
Don't rush to buy/sell after breakout.
Wait for the pull back .
Time Frame to achieve target: max 3 days
picture perfect reason why we should look into longer time framehere , in day chart this scrip looks like a good pattern to buy . but when you look into the weekly tf you can find that its right at the middle of the range within which it is for years! , as far as the current trend is concerned . this looks bullish . I personally don't take this trade due to this as the tides can turn either way . this scrip is only for educational purpose!
BPCL Highest Closing Of 7 Months (30 Weeks, 210 Days)Buy Bpcl At Cmp 449.85 & On Dips To 430-435
Strict SL - 417 (DCB)
Target - 481/500/525+++
hope it is still bearish on 18 march guys i think we should short if it breaks 428 and buy if it moves above 436
share your opinion
BPCL (short term)Bpcl
1) Trading in perfect box & sideways
2) Have to trade only after a breakout
3) The height of a box can be taken as target
BPCL DOJI BPCL day candle doji means price action in between buyer and seller coz we dont know who win that fight so we trade according to market action in buyer win the green candle we will sit buy side and if seller win we will sit seller side .
