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BPCL

BPCL INTRADAY FEB 24 2021 LONG FOR INTRADAYDear trader, If u look at the chart of BPCL (analysis based intraday only) the NIFTY support at 430 and and resistance at 445 The chart clearly indicates BPCL has come out of a triangle giving breakout on weekly chart ,you can also see the candle stick patters for more in depth analysis. In Intraday most important thing is to enter and exit points. Our signals are based on analytics, algorithms, mathematical derivatives. Always be a responsible trader, kindly trade only when you have maximum opportunity in the market with minimum risk and with keynotes like data, analysis and proper strategies. Kindly message us for strategies and analysis.
NSE:BPCLLong
by Tallastrading
BPCL - Bharat PetroleumBPCL's price action has been in the range of 360 to 410 for the past 4 months and it has made the level of 400 as strong support. The stock is expected to show an up move to the levels of 470+ in coming weeks subject to the fact that it breaks the supply zone of 428-434 which has been acting a strong resistance for the stock. Buy - CMP or ~411 (if it experiences any correction which is a least likely event) T1 (Immediate) - 430+ T2 - 470+ SL - 411 Triggers - Improved earnings reported in Q3 on YoY and QoQ basis. Increased sales of automobile sector will lead to more and more demand for fuel. Transportation services are expected to be normalised soon post COVID thereby increasing the sales. NOTE : These findings and levels are purely based upon the knowledge and understanding of the post publisher. The idea here is to predict the future price movements hence, please do not consider this as stock advice or recommendation.
NSE:BPCLLong
by mishraparimal09
BPCL - Symmetrical triangle, narrow range - Weekly chartThis analysis is done purely on basis of price action and chart patterns. The analysis is done on weekly TF hence it can take couple of days to couple of weeks/months to reach the target. As one can see that the price has been forming a symmetrical triangle pattern for quite some time. And now the price has been consolidating in a narrow range. looking at the increased volume as well as the chart of NIFTY ENERGY (linked below), chances of breakout and upmove are higher than a breakdown and fall. NIFTY ENERGY WEEKLY CHART - Entry can be made above the high of last candle. Targets can be previous swing highs and SL can be below the low of this last green candle. If price gives a breakdown, then wait for confirmation, because it may be a false breakdown to make the weaker hands exit from stock before it starts its upward rally. Pls note that this analysis is for study purpose. Traders must do their own study before entering into any trade. Traders should trade with their own risk capacity and money management. Feel Free to comment for any query or suggestion regarding this stock or Price Action Analysis/Chart Study One more chart of HINDPETRO for study purpose for beginners is linked here. It is from same sector. Check out and find out opportunities.
NSE:BPCL
by AdityaKarn90
BPCL - ASCENDING+SYMMETRICAL TRIANGLE -Short Term swing/IntradayThis analysis is purely based on price action and Chart Patterns. The analysis is on 30min TF hence target can be achieved in intraday trade or in couple of days. Trade logic with SL and Target is explained in image itself. Daily TF chart of BPCL is attached below. check the triangle formation on bigger TF as well. Don't chase the price. Always plan your trade & trade your plan Keep trailing SL accordingly once entered into the trade. This analysis is purely for education purpose. Kindly do your own study before entering into any trade . Also check out my other ideas to understand how price action works and how it can be used to make regular profits without any complex strategies. Feel Free to comment for any queries regarding the above stock or price action analysis in general.
NSE:BPCLLong
by AdityaKarn90