[Swing Trade] BPCL 614Nice BO in BPCL with retracement. I will enter it and update the details. I dont recommend others to enter the trade based on my views.
BPCL trade ideas
bpcl swing tradestock : bpcl
trade : long (cash and option segment)
buy @ 610 above
sl @ 602
t1 @ 630
t2 @ 650
t3 @ 665
note :
this information is for education only
BPCLPrice was taking trend line support and now it is consolidating. Will the trend continue?
Buy above 615 with the stop loss of 610 for the targets 620, 625 and 630.
Sell below 607 with the stop loss of 612 for the targets 602, 597 and 592.
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Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
BPCL_Long_Support&ResistanceBPCL - a OMC (Oil Marketing Company) in India; under OIl & Gas Refining Marketing category.
++ Public holding=8%, Promoter Holding>50, Div Yield=3.57%, PE<5, Mcap> One Lac 25000 Cr., CMP > BV, CMP < IV, RoCE / RoE = 6.5, PEG<0, PE<Ind. PE, Debt reduced in last 3 years,
(Reserves+Interest)=₹ 97,000 Cr., Expected OPM=10%
Since March 2020 to March 2024,
FII : 12.28% to 16.79%, DII : 19.61% to 21.30%, Public holding: 14.27% to 8.00%
OMC stocks will be highly volatile, when war crisis happens anywhere in the world, especially with Arab countries. If BRICS countries implemented the de-dollarization for Oil trading may setup a new thumbrule for all Indian OMC stocks incl. BPCL. Buy only on dips/support in few quantities periodically as depicted.
Bharat petro ( BPCL ) for 620 ++Bharat Petrolium is one of the great stock for fuel sector is ready to roar again.
We do see channel breakout in BPCL and we are expecting a good move in this script.
Moving averages also showing favourable ratio.
CMP: 601
STOP LOSS : 582
TARGET : 627 +
Fundamental Picks - Stock PE < 20 (NIFTY 50)📊 Script: BPCL
📊 Sector: Refineries
📊 Industry: Refineries
⏱️ C.M.P 📑- 585
🎯 PE 🏆 - 4.38
📊 Script: ONGC
📊 Sector: Crude Oil & Natural Gas
📊 Industry: Oil Drilling / Allied Services
⏱️ C.M.P 📑- 275
🎯 PE 🏆 - 8.24
📊 Script: COALINDIA
📊 Sector: Mining & Mineral products
📊 Industry: Mining / Minerals / Metals
⏱️ C.M.P 📑- 435
🎯 PE 🏆 - 9.14
📊 Script: SBIN
📊 Sector: Banks
📊 Industry: Banks - Public Sector
⏱️ C.M.P 📑- 750
🎯 PE 🏆 - 10.49
📊 Script: INDUSINDBK
📊 Sector: Banks
📊 Industry: Banks - Private Sector
⏱️ C.M.P 📑- 1482
🎯 PE 🏆 - 13.33
📊 Script: HINDALCO
📊 Sector: Non Ferrous Metals
📊 Industry: Aluminum and Aluminum Products
⏱️ C.M.P 📑- 614
🎯 PE 🏆 - 14.69
📊 Script: TATAMOTORS
📊 Sector: Automobile
📊 Industry: Automobiles - LCVs / HCVs
⏱️ C.M.P 📑- 963
🎯 PE 🏆 - 16.51
📊 Script: POWERGRID
📊 Sector: Power Generation & Distribution
📊 Industry: Power Generation And Supply
⏱️ C.M.P 📑- 281
🎯 PE 🏆 - 16.62
📊 Script: HDFCBANK
📊 Sector: Banks
📊 Industry: Banks - Private Sector
⏱️ C.M.P 📑- 1531
🎯 PE 🏆 - 17.12
📊 Script: NTPC
📊 Sector: Power Generation & Distribution
📊 Industry: Power Generation And Supply
⏱️ C.M.P 📑- 350
🎯 PE 🏆 - 17.38
📊 Script: ICICIBANK
📊 Sector: Banks
📊 Industry: Banks - Private Sector
⏱️ C.M.P 📑- 1067
🎯 PE 🏆 - 17.62
📊 Script: JSWSTEEL
📊 Sector: Steel
📊 Industry: Steel - Large
⏱️ C.M.P 📑- 864
🎯 PE 🏆 - 18.79
Formula to calculate PE = MVP/EPS
MVP - Market Value Per Share (Stock Price)
EPS - Earning Per Share
Industry(NIFTY50) PE - 22.7
Always Compare Stock PE with Industry PE for Better Understanding.
LOWER THE PE MORE ATTRACTIVE THE COMPANY.
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Happy learning with trading. Cheers!🥂
Keep An Eye - At Support - BPCL📊 Script: BPCL
📊 Nifty50 Stock: YES
📊 Sector: Refineries
📊 Industry: Refineries
Key highlights: 💡⚡
📈 Script is trading at its support level on weekly chart, keep an eye on stock we may see some good really from here.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 585
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
bpclbpcl is forming flag and pole pattern and ready for breakout , whenever market is negative then oil sector become positive so its ready for upmove , and also in uptrend
bpcl is in uptrendbpcl is forming flag and pole pattern , it is a bullish pattern and also bpcl is in uptrend since many months so higher chances of breakout and for the target , good risk reward ration #stocks #StocksToWatch #StocksToTrade #swingtrading #stressfreetrading
BPCL 1 H TFTrade in Range. Wait for breakout in any side.
If 600 breaks call writers will be trap and give move till 650.
Short is not good choice.
#Bpcl cash : Looks good above 621.10#BPCL Cash -Positional call
03.04.2024
Looks good above 621.10
Stoploss 595
Tgt 648-650/690
Cmp 611.25
BPCL: On the verge of breakoutCMP: 601
🔘 Basing near 50 EMA
🔘 Coiling action
🔘 Back to back IBs
Entry above 610 with 3% SL!
Positional Trading Idea on BPCL with Fibonacci LevelNSE:BPCL
Stock will trade in range during election period. Support near 545 level. Good entry level near 545 if stock down to this level wit Trailing Stop Loss near 500.
Drawing Fibonacci Extension taken into account of recent High and Low then the 1.618 Fibonacci Extension level comes near 736 level. Long Position may be initiated near 545 with Trailing SL near 500 for the target near 736 level.
BPCL taking support at previous resistance zoneAfter giving a multiyear breakout from the 551 price level, BPCL again comes close to this price and had also taken support at it.
bpcl bearish batBpcl formed a bearish bat pattern at monthly and weekly chart.
almost of all oil refinery companies are treading at high price.
oil price may decline due to election purpose for the coming days so, it will affect the stock price.
bpclstock : bpcl
trade : short (sell or buy put)
sell @ 558
sl @ 590
target @ 480
note :
this information is for education only
BPCL sell given at 622 hold sell trade Target 555On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
BPCL for long termBPCL is seen giving a clear break out on the charts. Volume looks good. W pattern is affirming the higher probability of the trade being profitable. Can be a good buy at retest. Money management is a must. Cheers!
BPCL Bearish Head & Shoulder formation on daily charts and retest of breakdown done.Potential R:R 1:2
BPCL | Weekly Chart | 6 years BO | Chart analysis on Weekly time frame:
Analysis:
1. Resistance zone is tested 5 times before final BO making it very critical resistance zone.
2. Before BO, consolidation happened supported by volume build up which eventually indicates that the stock accumulation is happening.
Breakout: Consolidation phase BO happened on 2-Feb-2024 followed by BO supporting candle.
Trade setup:
Entry price: If price closes above 577.85.
Stop loss: Below 522.3
Target 1: 667.7
Target 2: 813.1
Target 3: 855.9
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades
BPCL - Flag Pattern !!!BPCL is trying to break flag pattern. We shall buy it once it breaks the pattern for an immediate target of 800 and then to 920+. Other factors:
1. RSI will start moving up
2. MACD will also improve
3. BPCL on daily basis has bounced from 20EMA, showing a strong bullish pattern.
"Clean Charts, Easy Charts"
Learning & Earning!!
Cheers!!
07/03/2024 BPCL sell the bounce structure BPCL sell the bounce structure if nifty show the weakness if BPCL break the resistance level then avoid this stock if you like my analysis then follow me and see my past stock analysis and I give you daily analysis
BPCL SHORT TERMBPCL Moving Average Support On Daily Chart
Market Sentiment is very bullish
I am anticipating a move in the stock in the coming times.
Here are the details of the equation purpose no buy recommendation.
short-term position.
Swing Term level
