BPCL TARGET 689 STOP LOSS 549Script is brekaout from the long term resistance of 549 and sustained weekly closing and intraday closing. Target is 689
BPCL trade ideas
Bharat Petrol Corp: Uptrend Continues After Multi-Year BreakoutAnalysis:
The chart you provided shows BPCL's stock price currently trading at ₹558.38, which is above the multi-year resistance level of ₹541.60 marked by the blue line. This recent breakout, accompanied by strong volume, suggests a potential continuation of the uptrend.
Key Points:
Breakout confirmed : BPCL successfully broke above the multi-year resistance level, indicating a potential trend shift from resistance to support.
Uptrend momentum : The price continues to climb after the breakout, suggesting sustained buying pressure.
Volume confirmation: Increased volume during the breakout reinforces the bullish sentiment.
Trading Strategies:
Aggressive:
Enter long immediately if the price sustains above the current level (₹558.38) with continued buying volume.
Set a stop-loss order below the breakout level (₹541.60) to manage risk.
Potential short-term target prices could be ₹580 and ₹600 based on chart patterns and Fibonacci extensions.
Conservative:
Wait for a potential pullback towards the breakout level (₹541.60)
Enter long if the price finds support at the pullback level and shows signs of bullish reversal (e.g., hammer candlestick pattern).
Utilize a stop-loss order below the pullback low for risk management.
Additional Considerations:
While the technical analysis is promising, remember that the stock market is inherently volatile.
Conduct your own fundamental research to assess BPCL's financial health and future prospects before making investment decisions.
Manage your risk effectively using stop-loss orders and appropriate position sizing.
Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Please do your own research before making any investment decisions.
BPCL on a multi year breakoutThere is a strong resistance at 550 and stock has now given a breakout . The stock was in a channel from 2018 to 2024 and now the channel is broken that too with a MA golden cross-over. Can wait for the confirmation and retest .
For educational purposes only
BPCL 22% upside possible in next 30 days - Targets 565BPCL 22% upside possible in next 30 days - Targets 565
Seems to be Flag Pattern breakout on daily Charts.
Happy investing.
BPCL BPCL has breached the 6 Years range on today and closed above 555
Break the long term ascending triangle chart pattern and Trading at All time high
Trading above all KEY EMAs
Indicator shows bullish signal
Multiyear Breakout
Keep in WATCHLIST
PSU and Undervalued stock
Looking good for long term
BPCL - Pole and Flag for long time. along with darvis box setupBPCL - Pole and Flag for long time. along with darvis box setup
Chart speak for it self.
Min target is mentioned.
This is only for education purpose.
Don't buy or sell the stock based on this..
BPCL Analysis for Swing Trading 29.01.2024 - Feb 2024It is observed that BPCL is trading at crucial resistance level. Seems time to get corrected. And the results are also going to announce tomorrow.
Keep your SL at 490.
Possible to go down till 461, 449 and 409
BPCL FOR INTRA DAY OR 2,3 DAYS SWING TRADEBPCL intra-day or swing trade with small SL and decent targets
ENTRY: 484-485 or dip at 485-486 (if gap up)
StopLoss: 480 or just below 480
TARGET: 490,500,505++
Note: if any trade or value has gone from the place we decided to enter then thats not our trade wait for it to come back or let it go
I am not sebi registered this is my personal view
Possible Monthly year breakoutFirst I saw this chart from @srikartiram on Trading View.
I started with less capital. I traded in BPCL to increase the capital.
Not telling this for a trade. But want to give credit to Srikartiram for the one of the first charts I possibly see or understand or like.
Bullish On BPCLon weekly time frame it is showing Symmetrical triangle pattern breakout on level 485, now its right time to buy the stock on levels 485-500
bpcl inv h&S formed, keep adding in delivery and hold for 1 yearIOC and BPCL will be the outperformers for the whole year. BPCL has clear inv h&S formed on daily charts.
Look to sell put options and keep adding in delivery. i m holding huge delivery... excellent dividend payer.
BPCL- at the verge of breakout#BPCL at the verge of Triangle breakout in Weekly & Monthly TF
Volume spike
Momentum candles ante present, often leads to strong breakout
#bpcl
#breakout
BPCL coil system 1BPCL coil system 1
Entry above 462-463
SL 448.8
Only for journaling not for the trading.
This post is for my personal use.
Note : only for learning, not a trading recommendation. i am posting as a trading journal before and after breakout.
BPCL: Potential Long Trade post retestSwing Idea: Potential swing trade after retest of inverted H&S
Attempting inverted H&S breakout.
Correction expected before it continue the trend.
RSI near over bought area.
Potential swing trade of 100 points.
Note: This is just for analysis purpose, please do your own research before punching any orders.
#Bpcl cash : Looks good above 461.10#BPCL Cash -Positional call
19.Dec 2023
Buy above 461.10
Stoploss 420
Tgt 540/ Final tgt 600
Cmp 449.75
$NSE:BPCL Only SIP when the herd is fearful for Wealth generatioNSE:BPCL Only SIP when the herd is fearful for Wealth generation.
Do your own research before investing or trading in any stock or indices or crypto.
Disclaimer:
This is not a financial, investment or trade advice. Its only for educational purpose.
BPCL Cmp 399 Inverted Head & ShoulderBPCL Cmp 399 dated 16-11-2023
1. Inverted Head & Shoulder Pattern
2. BO above 401
Buy above 401 target 410-425-430-445-450-465
SL 375
Pattern Target 510 SL 360
It is just a view, please trade at your own risk.
BPCL | Swing Trade📊 Details
Bharat Petroleum Corporation is a public sector company which is engaged in the business of refining of crude oil and marketing of petroleum products.
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
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BPCL-A Review for 8th Jan'23 ideaInverse Head and Shoulders Continuation:
This pattern forms in an extensive upside rally. It consists of a left shoulder, a head, and a right shoulder.
At the end of the left shoulder, a minor correction takes place on the upside which happens on the low volumes comparatively the starting of the left shoulder. After this again a down move can be seen on large volumes forming a head having its bottom is below the left shoulder following an upmove correction on lower volumes & completing the head.
The completion of the head must be above the top of the left shoulder. If the prices rise above the top of the left shoulder then too this pattern remains intact. In the end, the right shoulder is formed usually on smaller volumes comparatively the previous two rallies.
Now if you connect the tops of the left shoulder, head & the right shoulder there will be a formation of the ‘Neckline‘. This line will act as a decision line. If the prices break this neckline & give closing above the line, this will be the confirmation of the breakout of the Inverse head and shoulders pattern.
However, it has been noticed that after breaking of the neckline the prices again attracted towards this neckline. We say this phenomenon as a retest of the neckline which will add some more confidence while trading this pattern.
After retesting if the prices again start rising, this will be the final confirmation of the up move as shown above.
The bookish target of this pattern is taken as the vertical price range from the bottom of the head to the neckline & the bookish Stop loss should be the bottom of the right shoulder. However this stop loss can be big, so it is advised to keep a stop loss of 4-5% of the price range below the neckline.
TRADING STRATEGY:
Buy on CMP 355-54 zone , keeping SL of 320 look for the target of 415-430 zone.
BPCL LONG TERM BULLISHAfter long consolidation and turnaround in numbers, chart and technical analysis suggest a good FLAG and POLE breakout of 310 points target of 860.35 in 6-9months timeframe.
bpcl about to give a breakoutChart is self explanatory.
Just for education purpose, points to be noted
In this type of formation an entry is typically taken when the price breaks out.
Buying happens if the breakout occurs to the upside, or short/sell happens if a breakout occurs to the downside.
A stop loss is placed just outside the opposite side of the pattern.
For example, if a long trade is taken on an upside breakout, a stop loss is placed just below the lower trendline.
Note: This chart is for educational purpose only!!
Bullish Flag Pattern in BPCLIntroduction:
Bharat Petroleum Corp. Ltd. is a holding company, which engages in the business of refining of crude oil and marketing of petroleum products. It operates through the Downstream Petroleum and Exploration and Production (E&P) segment. The Downstream Petroleum segment includes the refining and marketing of petroleum products. The E&P segment focuses on hydrocarbons. The company was founded on November 3, 1952 and is headquartered in Mumbai, India.
Analysis
A Bullish Flag and Pole pattern is visible on the 4 Hour chart of NSE:BPCL
The Flag and Pole pattern is a bullish continuation pattern and it is visible in charts after a meaningful appreciation in the price.
MACD gave Positive crossover on Daily, Weekly and Monthly chart. So, expecting the momentum to continue.
One can create a fresh position in the scrip near Rs. 395-400 levels with the stoploss of Rs. 380 on Daily closing basis for the following targets 408.15, 415.25, 421.05, 429.15,
437.65, 442.50 and 448.60
Risk Disclaimer:
The trading ideas and analyses presented here are for educational purposes only and do not constitute financial advice. Trading and investing in financial markets involve risk. You should carefully consider your own financial situation, risk tolerance, and investment objectives before making any investment decisions.
The information provided in this analysis is based on my personal interpretation of market conditions and the available data at the time of writing. It is subject to change without notice, and I cannot guarantee the accuracy, completeness, or timeliness of the information provided.
Trading and investing carry the risk of substantial losses, and past performance is not indicative of future results. Always be aware that markets can be unpredictable, and prices may move against your trade or investment.
It is advisable to seek advice from a qualified financial professional and to conduct your own research before making any investment decisions. You should only invest funds that you can afford to lose.
I am not responsible for any trades or investments made based on the information presented in this analysis. By reading and using this information, you acknowledge and accept that you are solely responsible for any losses you may incur.
