BPCL : Can break box pattern? After down trend, BPCL is now in accumulation phase. Bulls are showing aggressiveness on chart. May be it revers again from here inside box.
but what if it breakout box pattern :). Can we see uptrend back ?
What's your view? My view, i will wait for Box pattern breakout before entering and keep eye on this stock. Best for Swing trading if you know price actions
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My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
I may be 100% wrong as its my personal trade.
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BPCL
BPCL view BPCL is currently in a perfect place. We can expect an ideal directional move from this point on either side.
Wait for his stock to confirm either side move with good volumes and follow-up candles.
Trade safe. Manage risk. Be profitable.
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Disclaimer:- This is my view. Please analyze the charts yourself and then decide to take any trades.
Opportunity in Oil and Gas companiesAfter the PSUs era ended, now the OMCs are doing exceptionally well. The trend shows a strong up move ahead once it breaks the resistance levels as directed by yellow horizontal lines.
Keep a look at OMCs like BPCL, Sail, etc., and prepare accordingly to take advantage of the opportunity.
#ABAN #ONGC #IOC #RELIANCE #OIL #HINDOILEXP #ASIANENE #SELAN #IT
#ABAN
NSE:ABAN
CMP: 54
TP: 74
SL: 44
TF: <6m
RR > 2 times
Return 17%
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
BPCL L0NG (INTRADAY DEC 5)Hello TradingView community and my followers, please if you like the ideas, don't forget to support them with likes and comments, thank you very much and here we go.
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BPCL
Daily : Stock is in uptrend.
15 min : It has made Ascending triangle.
*Wait for the breakout and we could see an upside movement.
THANK YOU !!!!
BPCL1!28-11
Daily chart of BPCL1!
Candles have breached the resistance at 330 with strength (manual).
The strong bullish candle is attempting to breach resistance at 336.15 (200 EMA).
There is a bullish divergence as well.
I have gone long as I think that once the candles manage to break and sustain above 336.15, it may test 368.45 levels.
BPCL Upside IdeaI am expecting a reversal on NSE:BPCL . As per my analysis, best level to take entry is 310 (have to wait for levels to come).
My targets will be 318, 338 & 365.
Can exit if price trade below level of 295 (Stop Loss 295).
Note: This is my personal analysis, only for learning. Thanks.
BPCL -Bullish Price Action AnalysisFrom Oct 2021 , NSE:BPCL has continuously made LH-LL in daily Time Frame.
Now Price has Approached pandemic level and also its demand zone comes from the higher TF such as Weekly & RSI is showing the Divergence.
A good buying opportunity arise if price sustains this demand zone (287-300).
Price has already dragged much from the top level so buying opportunity only comes to the picture.
If you have other opinion, please share your comment below and like & follow for upcoming great analysis.
Safe Trading ;)