BPCL breakout (Positional)For swing entry can be taken 470 ce cmp 16 sl 10 hold for 15 days (less/more) (news in bpcl , global oil players might invest in BPCL ,CNBCTV18 Financial bids for BPCL likely in November; hope to complete divestment by March 2022: Govt officials this might disturb the movement on either side)Longby shreyassomnatheUpdated 3
BPCL - Double bottom on support, trendline breakoutBudget Pick 2: BPCL Fundamentals : Decent, YOY Sales growth, decrease in Profits as high expenses due to crude price, DII stakes increased significantly. Healthy Dividends! Technicals : Corrected, Formed double bottom at Strong Support in Wedge. 50 DMA crossing 200, Attractive RR! R1: 360 R2: 400 R3: 460 SL: 285Longby GyanTrader_AKS0
BPCL - Refill Fuel tank before zoom Pls note: This is completely my perception. NSE:BPCL BPCL seems to be on continuous raise from 290 levels with correction and again forming Higher Highs. 356 will be one minor Hurdle - if the cross sustains this level -- we should see strong upside candles in a short period. Based on the Below chart - From a Monthly Futures perspective - BPCL's current series VWAP crossed the Previous MOnth's VWAP and also took support from the current series. From a Daily closure perspective - trying to take off Monthly HIgh - Once this is done & closed above 356 -- next target will be 396. Add to watchlist -- Longby rvc82800
BPCL - BearishLooks like the trend is over The stock may go for a correction now Risk to reward looks better Trend may take a pause at 336/328 areas which can be considered as short term targetShortby Vishy51
BPCL WEEKLY/MONTHLY ANALYSISIn Weekly TF, BPCL is at Crucial Support and formed Reversal Pattern. Even in Monthly TF, it is forming beautiful Price Action. I would be going long if the daily TF candle sustains Above 350. For Swing trading, My Stoploss would be below recent Support turned Resistance i.e Below 330 AND Target would be between 385-400. Matching my 1:2 RR. For Positional Trading, My Stoploss would be below the Support trendline i.e Below 300 AND Target would be between 460-480. Longby nellurimaheshUpdated 3
#Bpcl cash : Cup and handle breakout pattern#Bpcl cash -Positional call 11 Jan 2023 Looks good above 360.10 and dips 350-354 Stoploss 340 Target 378-380/420 Cmp 352.50 Longby anandnst114
inverse head and shoulderinverse head and shoulder pattern breakout at bottom on weekly charts for BPCLLongby QuackStocks0
BPCL LOOKS STRONGBuy BPCL for the marked targets of the chart. To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team Longby InvestPro_IndiaUpdated 6
Double bottom pattern Double bottom pattern + Trend line break out Buy above 350 Sl below 320 Target 420 , 510Longby vinodhvinayan0
BPCL BPCL on long up move after long down trend, Possible Target - 370-390-410. Continuous Up move on Jan to Mid Feb - 400. Trade by own Risk. Longby Dhruv151219937
BPCL: Inverse Head and Shoulder reversal Inverse 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 add on dips , keeping SL of 320 look for the measured target of 415 and beyond that targets are 443 /500 as per ElliottWave perspective.Long04:13by TradingSutra28
Bpcl might move upLooks like bpcl it is making inverted H&S with RSI divergence with good volume targets are in the chart.Longby harish2104gowda113
BPCL Inverse H&S Pattern On Daily TFBPCL Inverse H&S Pattern On Daily TF. Go long above 358 and keep SL 317. Take trade only after breakout and manage your risk. This pattern is also visible on 1Hr TF. Target will be 1:2 or around 430-450 levels. Longby konadkarsapnesh79115
intra day trade for tomorrowBPCL analysis for tomorrow just for educational purpose, trade at your own riskLongby chart_analytics_kbUpdated 10
BPCL cmp 327 dated 29-12-2022 BPCL cmp 327 dated 29-12-2022 Swing Trade 1. Small Consolidation BO above 329 2. RSI divergence Buy above 329 for target 335-340-345-350 SL 322 Disclaimer : I am not a SEBI registered Analyst so please do your own Analysis before taking any action. The above view is shared just for educational purpose. By no means shall be responsible for any losses amounting out of it incase if any trades on it. It is just a view, please trade at your own risk. Longby SHEETAL_UDESHI4
the DOW moveBPCL is making a lower low with a lower high. The simple logic is going to trigger a possible short position in the upcoming days. My bet is on BPCL Jan 320 PE on 5.5 CMP.Shortby EastStarDayTrading220
NEED OIL FOR FIRE THEN BUY BPCLBPCL in down trend since mid 2021 in the form down trend channel and form bullish flag in weekly time frame and bpcl gave breakout from bullish flag. take new entry at 344 and wait for 400 in few weeks. by bidachievers3
Expectations of a strong move in BPCLWe can see a breakout in the trendline of BPCL, which acted as a resistance at multiple levels. This breakout is followed by the crossing of the stock price above 200 EMA and a retest. The stock price has shown us a buy signal with the help of a strong green candle formation. We can expect the stock price to move to 379.45 as it will act as strong resistance in future.Longby kunalkisnani230
Star And BPCL?Hi in this video i explain how to trade breakout stock along with 2 breakout stocks in today's market. And things to take care of while trading breakout. Education07:15by joysonhesh4
BPCL - Inverse Head and Shoulders Breakout ViewBPCL : Inverse Head and Shoulders Breakout Done Might Breakout big, once 345-350 is sustainedLongby roshansai0
BPCL giving a break out of cup and handle pattern.BPCL on the daily time frame has given a break out of a cup and handle pattern. The stock has taking a halt near the resistance zone and gave a break out after a selling off from the level. 3 points confirmation. 1. Break out of the cup and handle pattern. 2. Closed above both the moving averages. 3. High trading volume on the break out. The stock has finally given a break out and can remain in bullish move tomorrow. Let stock price to retest the support and cross 350 price level and enter only after it sustains above the level. Targets :- 353.5, 359 Stop loss :- 337 Trade can be traded if there is a price action near the support level. Intraday and swing trades can be initiated in the stock. Investors can also create positions in the stock with a long term view.by Mambotrade0