The price of BPCL has been in a nice narrowing consolidation over several months now. I am expecting a breakout or a retest of the 415-420 levels with the upcoming earnings catalyst in the first week of Feb which would make this a good time to enter a long position for a medium to long duration as auto sales in the last quarter have been impressive. Entry could be...
Coming out of the triangle marked at 1H Chart. Please be patient. Wait for at least one hour and buy above 345. Preferably wait for today and let it become bullish in 5 minutes chart and then buy.
With Crude holding up..OMC's are loosing Rs5-7 per liter of fuel retailed.
The last time this happened these co's reported losses.
short BPCL below 242.90 with a SL above 253.
The stock could fall to 306.
Please don't be in hurry. Buy in consonance with other indicators like William R%. May use combination of 34 & 5 EMA . Please necessarily watch the candle on 4th October mentioned in my last discussion on the stock.
I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision.
BPCL showing reversal towards upwards trend as marked by sky yellow path line with base. Levels have been marked on the chart. However, don't be in hurry, it will be better to watch low of 29th September and then enter.
I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. It is only for educational purposes.
Please refer to my previous discussion on BPCL. The trendline marked in the chart confirms the same. Let the things stabilize in the next two days, then only enter.
Buy above 352. 95, Target 363
As per my earlier discussion on the stock, buying level was given above 360, but that is modified now at above level. Don't be in haste, let the levels come. Then execute with proper indicators.
The levels which I prescribe are on closing basis. Yesterday it closed above this, Let it remain above this level of 352.95 or retrace...
BPCL moves within channels. Here I have marked channels post 2020. Red shows weekly channels-black shows daily channels and green shows current channel.
Short term target is 400. Exit if close below green support.
BPCL possible wave counts. minor time frame shows correction details and shows possibilities of move from here . any correction in counts are welcome to continue learning ew theory of counting for better understanding
BPCL Daily Chart showing that it is very bullish above 360.65. Also watch the future levels marked in the chart for your convenience. I am publishing everything only in the words that everyone of us can understand. No difficult technical aspects. Although all of them have been taken into consideration.
Special mention here is that do not be in haste. All the...
BPCL can look for 318-320 dip levels for tp of 340-342
risk 1.90% and reward 7%
just watch for the levels in coming days
dc : only for educational purpose
Buy BPCL above between 558 to 365
SL 338
T1 - 387 (1:1)
T2 - 409 (1:2)
Index OIL n Gas Index will try to make higher high so Index will be bullish.
BPCL forming bullish head and shoulder pattern on weekly time frame.
BPCL formed W pattern breakout with volume
Took support from bottom trend line
