BPCL trade ideas
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
BPCL at Supply ZoneBPCL at Dynamic Supply zone Upper and Lower levels given.
This is for Educational Purpose only
Buy BPCL above after breakoutIt is in triangular pattern. Going to breakout soon. Targey and sl mentioned on chart
Buy! Buy!! Buy!!!Buy only if closes above 421 in daily time-frame, it has potential to give around 20% in next 1-2 months
BPCL Wedge PatternFor study..
Trading inside Wedge pattern, put it in your watchlist
better to enter when it breaks the pattern,
Like, Comment & Follow.. For more chart analysis.
BPCLIf any BUY CALL is seen Will definitely update in Comment Section.
All my Previous Charts are taken down by moderators as I have violated House rules by mentioned my phone number. So sorry for the inconvenience as those won't be visible anymore.
