BPCL trade ideas
See the chart of Bpcl (Bharat Petroleum Corporation Limited) Bpcl looks good on the chart the traingle pattern is since 4 feb 2020 and the target is around 511.
But it is for positional
BPCLBPCL: Looking Good
Head & Shoulder Pattern & Flag Pattern Breakout
Buy Above 440 Add Until 380 Stop-Loss 375
Target 480-520-540-600+++
Positional Call
BPCL stock to be taken for long Again BPCL at the verge of BO on daily. Buy above 445 Target 472 with SL 434. This is for your educational purpose only.
BPCL BREAKOUTAfter long consolidation in triangular pattern BPCL has finally given a breakout upside.Volume around is also good.
Best BUY around 435-443 , SL should of the swing low 372 and Targets are mentioned with green lines.
LIKE AND FOLLOW TO REGULAR UPDATES.
BPCL READY TO BLAST "WEEEKLY BREAKOUT"BUY ABOVE 436.50
AS IT'S WEEKLY BREAKOUT LEVEL PLUS 61.8 finoacci retracement level
NEXT TARGET IS 485/510
SL 425
BPCL - Weekly breakoutBPCL has come out of a triangle giving breakout on weekly chart.
Also sits on support zone which makes it more likely to go up.
forecasting idea for good Risk reward ratioi don't have idea why it needs to move down for going up.. Just i am forecasting for better risk reward ratio
BPCL CHART ANALYSISMY PERSONAL VIEW ON BPCL.
BPCL is at mqajor resistance, if price sustain above the resistance then it might be continue its uptren.
If price fail to sustain then it may come down. NSE:BPCL
BPCL positional buy Breakout in BPCL chart ..maintain a SL of of 380 with a minimum target of 480-500...
#BPCL Price Rejection with High Volumes# BPCL forming a triangle in Daily Charts, getting rejected at 430-440 zone with Good Volumes.will initiate a short trade below 422 for T1 400 & T2 375, will put SL of 338. Let's See
BPCL : approaching towards Symmetric Triangle BreakoutMomentum is good
Volume is good
above 200 dma
forming symmetric triangle
Buy above Previous Day high with sl 395
Target 482, 520
BPCL - Long Term - Symmetrical Triangle Breakout#BPCL breaking out of a symmetrical triangle. 680 the price target in a period of about 12 months with this month's low of 380 as the stop loss.
Time Scale : Monthly
BPCL - Triangle with Resistance.This stock is making a trend continuation pattern in weekly timeframe. A triangle pattern is always a good sign for a investor/trader.
Weekly chart for the reference:-
Some of its peers are also showing some good signs as well.
For Example Hpcl is trying to break a longer term trendline and is trying to break a previous swing as well.
If peers are also trying to break the trend then there must be something going on. HPCL Weekly attached:-
Lets come to Daily now on BPCL where it has been testing resistance again and again.Levels of 440 will play important role as it is a resistance and will create a confluence zone as trendline is also there.
Do not enter in stock until and unless it holds at those levels for a while because if new positions are not built before breaking out then it might lead to false breakout.
Avoid the stock if it keeps on going one way without stopping.
Keep and eye folks. Cheers and Happy Trading.
Disclaimer:- I am not SEBI registered.Trade with your own risk and trade with caution.
Buzzing BPCLBPCL formed a channel pattern. Also bullish engulfing candlestick pattern formed. we can expect to break the channel pattern. one of the reasons for bullishness is it broked triangle pattern ( This article is in the related ideas section once go through it for better clarity ) which is formed from past 2 years.
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Thanks for reading.
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Disclaimer:- It's just for educational purposes.
