BPCL trade ideas
BPCL FORMING SYMMETRIC TRIANGLE, TRADE AFTER BREAKOUTBPCL FORMING SYMMETRIC TRIANGLE, TRADE AFTER BREAKOUT ON EITHER SIDES AND REFER THE ARROWS FOR TAKE PROFIT LEVELS
pattern breakout possible in BPCLAsymmetric or Triangle .
We have shared chart for both the possible patterns.
Please use indicators to confirm either of them .
First try to go with triangle pattern .
Once triangle is confirmed, look for resistance at upper end of the channel and wait for a breakout after booking partial profit from the triangle pattern/ NSE:BPCL
Symmetrical Triangle Breakout In BPClA symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope.
for Education Purpose only
[Positional] BPCL Short IdeaConcall was muted.
Now I will sell future apart from Call Spread. Only if it triggers.
BPCL-Fake Breakouts given at 430!!Forms Descending Triangle Pattern not once,not twice,but thrice.
Low BUY volumes seen in 4H timeframe.
VOLATILE market NSE:BPCL
BPCL a perfect buy from current levelsIn the daily chart, we can clearly see that BPCL is taking support from the bottom of the parallel channel. Take long positions for the longer targets.
[Turtle] BPCL Call SpreadEntry and Exit
Enter between
413.1 - 410
Take profit when BPCL is at
0
Stop loss when BPCL is at
100000
Exit this trade on
25 Feb 03:00 PM
P&L
Calculated based on LTP
Expected Profit
7110
Max Profit
7110
Loss if stop loss hit
-19890
Max Loss
19890
Funds Required
66.77K
Strike
Lots
Price
Buy 25 Feb 440 CE
1
8.6
Sell 25 Feb 425 CE
1
12.55
I will only take the Call Spread if the Trade triggers short as posted.
It can also trigger long if the PDH is broken. I am expecting a gap up tomorrow. I Will skip if gap up happens.
LONG INTRADAYBuy ABOVE 419.55 for TGTS of 425-230-435-36.. SL 414.5 JUST A VIEW BETTER SEEK PRO ADVICE..
#bpcl- Santa brought some gifts for the bulls.One can wait for decisive breakout, but personally I will scale in to 30 min TF and look for buying opportunity for mentioned three targets/
Till then give a like to this santa.
Regards
